Quilter Cheviot, the high net worth division of Quilter, has appointed Colin Rowe as head of advice, subject to regulatory approval.
Quilter Cheviot recently received FCA approval to extend its regulatory permissions to include financial advice. This change will allow Quilter Cheviot and Quilter Cheviot Financial Planning to operate as a single regulated entity early next year, simplifying the experience for integrated clients.
In a statement today (4 November) Quilter Cheviot said Rowe will join the business in January and will be a member of Quilter Cheviot executive committee, reporting to chief executive Andrew McGlone. He will oversee Quilter Cheviot’s UK-based financial planning team and work closely with other executive committee members to support the firm’s multi-channel distribution strategy.
Rowe joins Quilter Cheviot with over 20 years of experience in leadership roles within wealth management, most recently as managing director at 7IM. Prior to that, he was managing director of private clients at Close Brothers Asset Management.
Meanwhile, Michelle Andrews, managing director and executive committee member, will assume a broader distribution role. She will focus on the distribution of Quilter Cheviot’s offerings across all channels, including IFA distribution and professional services, as the firm continues to develop specialist propositions to meet clients’ evolving financial needs.
Quilter Cheviot Financial Planning was rebranded from Quilter Private Client Advisers in 2023, after the business merged with Quilter Cheviot in 2021.
Andrew McGlone, chief executive at Quilter Cheviot, said: “The current political and economic backdrop requires investment management and financial planning to be working hand in hand with one another. We are committed to achieving this in the best possible way for both our own financial planners and also our third-party IFA supporters.
“As we complete the final steps to bring our investment management and financial planning businesses together to make the experience as easy and seamless for clients receiving both advice and investment management, Colin’s experience will be invaluable. He has a huge amount of commercial experience in high-net-worth financial planning and investment management, having held key strategic roles in the industry. I am delighted to welcome him on board, at what is an exciting time for Quilter Cheviot as we drive forward our ambitious growth agenda.”
Colin Rowe, head of advice at Quilter Cheviot, said: “I am really looking forward to working closely with colleagues across Quilter Cheviot and specifically the financial planning team. We want to continue to build and grow this side of the business, whilst continuing to improve the service we are able to offer our external supporters, ultimately providing all clients with the expertise they require to help achieve their financial objectives.”
