Silverwood Wealth Management has revealed its third senior recruit, who also joins from WH Ireland. George Holloway has joined co-founders Steven Beaney and Martin Guilbert, who had transitioned from WH Ireland last November.
Holloway had been at WH Ireland for over 11 years as an Investment Manager, where his focus was on managing portfolios on a bespoke discretionary and advisory basis for individuals and families, as well as corporate clients, pensions schemes, trusts and charities. For the past 4 years he led an investment team in London which comprised of 6 members of staff and was responsible for £250m of AUM.
Silverwood will be offering private clients and their families a high touch bespoke service across discretionary, managed advisory and execution only services. It is already onboarding clients and plans to reach some £50m under management in its first phase of development.
It plans to offer the best of both worlds with a combination of traditional client service and the latest in client facing technology. It has also launched an own-branded online client portal, available via desktop and mobile app, which allows clients to access and track investments, pensions and savings, communicate securely with Silverwood and share and digitally sign documents, both speeding up and simplifying onboarding.
Silverwood was recently launched with the help of RC Brown’s https://www.rcbim.co.uk/ Incubator Service, set up to ease the path of investment managers or teams looking to establish their own firm or to get new ventures off the ground.
RC Brown’s Incubator Service offers a temporary or permanent home for investment start-ups which don’t have the infrastructure or money to get their business up and running on their own or as swiftly as they would like. It removes some obstacles to setting up a business, and in particular offers regulatory and compliance back up, IT systems and a well-resourced back office.
Under the arrangement, firms retain the ability to have their own brand, investment process and style. ‘Incubator’ differs from a number of other solutions, in that businesses can maintain a separate identity and, if they choose to leave the agreement, are not subject to high exit penalties. The service was first piloted in 2013 with Alpha Portfolio Management and subsequently used by Coram Asset Management.
George Holloway said: “After 17 years of working in this industry, I am clear that my strengths and passion lie in building relationships with clients and delivering a high quality service with a personal approach. I am delighted to be directly involved with a company that has those aspects at its core and Im looking forward to re-uniting with Steven and Martin again.
“I whole heartedly agree with Stevens previous comments – many firms are compromising and adjusting their business models to manage an ever-increasing number of portfolios to the detriment of client relationships and service. Our goal is to do this differently, focusing squarely on building enduring relationships with clients and families.
“The RC Brown Incubator Service provided the team with the expertise and extra resource to get this business up and running much more swiftly and easily than would be the norm yet at the same time preserving or own separate identity.”
