View more on these topics

Chris Gilchrist launches new IFA firm

Chris Gilchrist

Former Churchill Investments directors Chris Gilchrist and Stephen Poland have launched a new IFA business, FiveWays Financial Planning.

The Weston super Mare-based firm offers independent advice on a fee-only basis. It is a member of The Whitechurch Network and currently has six IFAs, including former Churchill advisers Jim Bloodworth, Jon Lawson, Ian Evans and Richard Forrest.

Gilchrist, Bloodworth, Lawson and Evans are directors of Fiveways. They plan to grow the firm to between 10 and 15 IFAs.

Gilchrist does not advise individual clients but heads up the FiveWays investment committee and is responsible for marketing and communications.

FiveWays will offer in-house investment services and will outsource clients with smaller portfolios to a discretionary fund manager. It has not yet decided which DFM to use.

Gilchrist says the firm’s charges vary based on individual client needs. Its on-going review service costs 1 per cent of assets under advice, with a minimum fee of £500 per year.

Gilchrist says: “Our aim is to build an independent advice business with services targeted at people who are prepared to pay fees provided they get top-quality personal service, communications and advice.”

Gilchrist quit Churchill in October after a disagreement with fellow director Jamie Ware over the future direction of the business. Ware and Gilchrist set up Churchill in 1995 with Hargreaves Lansdown head of research Mark Dampier.


Renaissance streamlines fund range

Renaissance Asset Managers is merging its £157.3m Eastern European fund into the £35m Emerging Europe fund. In December, the firm took over management of the Griffin Eastern European fund from Griffin Capital Management and rebranded it the Renaissance Eastern European fund. Renaissance chief investment officer Plamen Monovski runs both mandates. Renaissance UK sales director Ron […]

Financial planning case study: Bringing it all back home

The problem. The client has worked abroad for a number of years and has built up a pension fund from overseas employment in Canada with a value of $300,000. He has now returned to employment in the UK and has about £1m worth of pension funds. He is due to retire within five years. He […]


House prices up 2.2% in March

House prices increased by 2.2 per cent in March, the Halifax House Price Index shows. It follows a monthly fall of 0.4 per cent in February and a drop of 0.1 per cent in the three months leading up to March. The average UK house price is at the same level as in July 2011. […]

The Natixis Solution: H2O MultiReturns Fund

A product designed to bring some unique attributes to the crowded absolute return global macro space With diversification and risk management top of investors’ wish lists when it comes to alternatives, step forward the H2O MultiReturns Fund. H2O Asset Management is an independent boutique backed by Natixis Global Asset Management and has a 14-year track […]


News and expert analysis straight to your inbox

Sign up


There are 3 comments at the moment, we would love to hear your opinion too.

  1. Phil Billingham 4th April 2012 at 3:53 pm

    Good luck all. The creative power of the market at work. I STILL think – and others clearly agree – that a well structured IFA / Financial Planner business is a profitable force for good.

  2. Becoming a headcase IFA 5th April 2012 at 9:20 am

    I am also setting up a new IFA firm, similar to Chris Cilchrist’s, in light of the onrushing RDR. It is called F me Sideways Financial Planning.

  3. And encouraging that in the face of much pontificating about the value and place of Independent advice to clients and advisers, there is a new firm out there and it’s choosing Independence!!

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm