Wednesday, 21 January 2015 09:24
Trio of CFP professionals take up new director roles at wealth firm
Three Certified Financial Planners have been appointed as directors to the board of a major city based wealth management firm.
Capital Asset Management announced the new roles for the trio at the same time as reporting a record year for business.
Graham McCulley CFPCM, Charles Riches CFPCM, Donald Fraser CFPCM, have been handed the positions and take up their responsibilities with immediate effect.
Mr Fraser is also a member of the IFP's education committee.
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The firm, which specialises in providing wealth advisory services to a small group of affluent private clients and families, has seen year on year gross revenues for 2014 increase by 35% to £1.71m.
It reported the figures today. These also showed assets under management have risen by 40% to £196m, whilst maintaining a net profit margin of 25%.
Chief executive of Capital Alan Smith said: "The dust is now beginning to settle on the post RDR landscape, and it's clear that there are some real winners emerging in the advisory space. As a boutique business that has a clear focus on lifestyle Financial Planning, we have been significant beneficiaries of the new environment.
"All our advisers are both Chartered as well as Certified Financial Planners, as are our Paraplanners.
"We are a small, focused team of 10 full time staff and our core profitability numbers are probably amongst the best in the profession. Our plans for 2015 are now to grow the business carefully by attracting great like-minded Financial Planners, selective acquisitions and a clear marketing strategy.
"Therefore I am delighted that Graham, Charles and Don have accepted my invitation to join the Board and I look forward to working with them closely to ensure we deliver on our challenging growth targets in 2015 and beyond."
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Capital Asset Management announced the new roles for the trio at the same time as reporting a record year for business.
Graham McCulley CFPCM, Charles Riches CFPCM, Donald Fraser CFPCM, have been handed the positions and take up their responsibilities with immediate effect.
Mr Fraser is also a member of the IFP's education committee.
{desktop}{/desktop}{mobile}{/mobile}
The firm, which specialises in providing wealth advisory services to a small group of affluent private clients and families, has seen year on year gross revenues for 2014 increase by 35% to £1.71m.
It reported the figures today. These also showed assets under management have risen by 40% to £196m, whilst maintaining a net profit margin of 25%.
Chief executive of Capital Alan Smith said: "The dust is now beginning to settle on the post RDR landscape, and it's clear that there are some real winners emerging in the advisory space. As a boutique business that has a clear focus on lifestyle Financial Planning, we have been significant beneficiaries of the new environment.
"All our advisers are both Chartered as well as Certified Financial Planners, as are our Paraplanners.
"We are a small, focused team of 10 full time staff and our core profitability numbers are probably amongst the best in the profession. Our plans for 2015 are now to grow the business carefully by attracting great like-minded Financial Planners, selective acquisitions and a clear marketing strategy.
"Therefore I am delighted that Graham, Charles and Don have accepted my invitation to join the Board and I look forward to working with them closely to ensure we deliver on our challenging growth targets in 2015 and beyond."
Get FREE daily news summaries direct to your inbox. Sign up on the homepage now.
Follow us on Twitter and get frequent news alerts @FPM_online.
Or follow Editor Kevin O'Donnell - @FPM_Kevin or staff writer James Nadal - @FPM_James.
For the latest Sipp, SSAS and retirement news visit our sister news site www.sippsprofessional.co.uk and on Twitter @SippsPro.
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