The Irish entity of discretionary wealth manager Quilter Cheviot has hired Andrew Fahy as head of financial planning, as it prepares to establish a financial planning proposition in Ireland.
Fahy joins the business from Brewin Dolphin Ireland, where he was head of tax and financial planning and, prior to that, he held a similar position at Investec Wealth & Investment.
Joining with immediate effect, Fahy will report into Brian Weber, chief executive at Quilter Cheviot Europe (QCE).
As part of Quilter Cheviot’s growth strategy, it is establishing an integrated investment management and financial planning offering to complement the work it does with intermediaries to deliver a wealth management service.
This latest move will establish the financial planning operation out of QCE’s Dublin office to serve European clients, where “it is seeing an increasing demand from clients for financial planning as well as investment management”, the firm said.
The move enables QCE to deliver financial planning and investment management to high net worth clients, as well as continuing to support the external community at the same time.
QCE currently manages just over 1,500 clients and expects to grow the Dublin office over time to support the financial planning proposition and its growth ambitions.
Weber said: “For some time now, we have wanted to incorporate financial planning into our offering for clients and Andrew’s appointment signals the start of the evolution of the service we can offer.
“We have worked with financial advisers and intermediaries for over two decades and have a good understanding of how the two can be brought together for the benefit of the client. Increasingly clients are looking for a modern-day wealth management offering, and this goes well beyond just investment management.
“Their needs can be incredibly complex, so by combining financial advice with wealth management, while also nurturing our existing intermediary contacts, we are well positioned to be able to offer a best-in-class service for a variety of circumstances. We are excited for Andrew to bring his experience and talents to Quilter Cheviot Europe.”
Fahy added: “I am delighted to be joining Quilter Cheviot Europe, a company that I have known and admired for many years, and one that recognises the benefits that financial planning and investment management can bring for clients when delivered in tandem.
“Effective longer-term wealth planning often necessitates both, and I look forward to working alongside our investment managers and financial advisers, both in-house and third party, to help to deliver great client outcomes.”