View more on these topics

Investment Quorum directors buy firm following CEO departure

Lee RobertsonThree senior staff at Investment Quorum have completed a full management buyout of the firm which will see founder and chief executive Lee Robertson step down.

Director of private clients Petronella West, chief investment officer Peter Lowman, and wealth manager Nicholas Rolf form the buyout group, with all staff at the London-based advice firm also becoming shareholders.

Robertson founded Investment Quorum in 2000 and will remain with the firm in a consulting capacity, while West will assume the position of chief executive officer.

Speaking to Money Marketing, West says the sale is “the best possible outcome” for Investment Quorum clients who will benefit from the reassurance of the longevity of the firm’s staff.

Robertson will take on a mixture of non-executive and consultancy opportunities and is preparing for the launch of an online business within the financial services space toward the end of the year.

Should you sell your firm to your own staff?

He says: “Deciding to step down as the strategic leader of the firm has been an incredibly difficult decision to make. I will, however, continue to provide strategic consultancy and guidance to the management team for the foreseeable future. I am confident that I am leaving the business in safe hands and that it will continue to serve our clients well in the years ahead.”

West says Robertson’s departure had been “discussed for some time” at the firm, as buyout details had to be arranged between Investment Quorum and shareholder Tilney Group.

Investment Quorum is also in the final stages of a new acquisition to be announced within four months.

Recommended

Former Intrinsic and Cofunds director joins consolidator

Former Intrinsic commercial director Adam Smith has joined Fairstone as chief operating officer. Smith will start at Fairstone with immediate effect and will also join the consolidator’s executive committee. Smith held the role of proposition director with Intrinsic from September 2015, moving to the position of commercial director in January last year. He is also […]

3

Ascot Lloyd: ‘Using a CIP leads to consistent advice’

Ascot Lloyd investment director Steven Lloyd explains how a centralised investment proposition and bespoke discretionary fund management caters for individual client needs. Can you explain your investment approach? We use a combination of in-house and outsourced solutions, depending on the individual client. We have a centralised investment proposition that provides a range of choices for […]

Powerful estate planning tools ignored or forgotten by wealthy Brits

Canada Life IHT Survey 2016 Only a quarter of wealthy Brits have sought professional estate planning advice to ensure their families don’t pay more tax than required More than a quarter don’t even have a will and just one in five have gifted money Many say they do not need these tools but families would […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com