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Wealth management group expands Newcastle office with addition of financial planning team

Evelyn Partners, an integrated wealth management and professional services group, has announced the continued expansion of its presence in the North East with the team from chartered financial planning firm Scholes & Brown joining its Newcastle office.

As part of the move, Scholes & Brown directors Philip Brown and Bradley Thompson, along with four other staff bringing financial planning and administration experience, will become part of Evelyn Partners’ rapidly expanding Newcastle office, which is headed-up by managing partner David Smith.

The team joins Evelyn Partners through its succession programme which was launched last year to give financial advisers approaching retirement an opportunity to migrate their clients to a new, long-term home with a “high-quality” wealth management proposition.

Evelyn Partners last month moved into its new Newcastle offices at St Ann’s Quay, which provides triple the space of its previous premises in the city. The group has provided financial planning services to its Newcastle clients, including families, business owners and charities, for over a decade.

Last year the office established a new investment management team, headed by investment manager Matthew Burgess, to enable clients’ investment portfolios to be managed by locally based specialists. The Newcastle office also expanded last year with five joiners in November from Explore Wealth Management.

The Scholes & Brown team, which is currently based at Rotterdam House, Quayside, in Newcastle, has provided financial planning and investment management services to personal and corporate clients since 2003.

David Smith, managing partner of Evelyn Partners’ Newcastle office, commented: “Following our recent move into our fantastic new offices overlooking the Tyne, I’m delighted to welcome the Scholes & Brown team to Evelyn Partners.

“This agreement represents an important milestone in our ambitious plans to continue growing in the North East and help contribute to the region’s ongoing success.

Bradley Thompson, director of Scholes & Brown, added: “Our priority during the past 20 years has always been to put the interests of our valued clients first, second and last.

“However, the volume of regulation that has weighed upon small, independent firms during this time has forced many to team up with bigger, better resourced partners. We have been approached by many large wealth managers over the years, but we were impressed by the way Evelyn Partners has approached the integration of our business.”


By Matthew Neville – Correspondent, Bdaily

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