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Wentworth four set up new firm

The founders of retirement specialist advisory firm Wentworth Rose are reuniting to set up an IFA business which will focus on wrap and pension advice.

Philip Rose, who was a founder of Wentworth Rose, is launching a new advisory firm called Chandos Rose, along with former Wentworth Rose directors Ray Peyre, Mark Chandler and Malcolm Thomas.

Rose, who is managing director of Chandos Rose, has been travelling the world for the past two years but says he missed the buzz of the industry and contacted his former colleagues to see if they wanted to set up a new business with him.

Chandos Rose is operating on a test basis at the moment but will formally launch in the first quarter of next year. It aims to recruit 12-15 specialist pension consultants over the next nine months.

The firm will focus on two main areas – the pension market, including Sipps, and wraps, where Rose says he sees huge opportunities.

Chandos Rose will use 1st as its “wrap of wraps”, enabling clients to hold their investments across a number of platforms.

Wentworth Rose was set up by Rose and Ray Peyre in 1989 and established a name in the at-retirement market in the late 1990s with annuity service deals with the Telegraph, Mirror and Scotsman newspapers.

In June 2002, Aegon took a 50 per cent stake in the firm and bought the remaining half in April 2004.

The firm was later rebranded as Origen, along with four other Aegon-owned IFA firms.

Rose says: “We aim to have a small team but with very high levels of support – total IT support, paraplanners, efficient administration and so on. We want to take on some serious funds under management. We are aiming for what I call the marzipan layer of clients with £200,000 to £2m to invest.”

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