The managing partner of investment management firm Tilney has said its move into Northern Ireland is testament to “the growth of private wealth” in the country.
It has opened a Tilney base at Imperial House on Donegall Square East in Belfast.
Graeme Creevy, managing partner, said the office will meet the needs of Tilney’s growing Northern Ireland operation and is just the start of “ambitious plans” for the firm.
Creevy said: “The opening of this new office is a vote of confidence in Northern Ireland and recognition of the growth of private wealth in the province, which is now estimated to have over 12,500 millionaires.
“We think the opportunities in Northern Ireland are excellent and have set in place ambitious plans to grow our presence further.
“With constant changes to the tax regime, pension rules and currently challenging investment markets, there is an increasing need to provide private clients with a joined-up approach to managing their financial affairs.”
Currently, Tilney has 10 staff in Northern Ireland, including five financial planning experts.
The team also includes the recruitment of two new members of staff who will join the client delivery and para-planning teams, with plans to further expand the financial planning team in 2019.
He added: “The Tilney approach is to combine the dual expertise of financial planning and investment management to deliver a very holistic and personalised wealth management service that ultimately helps bring peace of mind to our clients.”
Across the UK, Tilney looks after over £24bn ($30.3bn, €26.7bn) of assets for private investors, families and charities, helping them with issues such as preparing for retirement, investing tax efficiently, passing wealth on to their families and managing their investment portfolios.