Investment management firm Redmayne-Bentley has welcomed the addition of two new investment managers to its Henley-on-Thames office.
James Carr joins the branch having previously led the Reading office of Charles Stanley, and is joined by long-time colleague, Lizzie Heaver.
James has been in the industry for 30 years, having joined the Reading office of stockbroker Heseltine Moss just before 'Big Bang' in 1986. James is also a Chartered Fellow of the Securities Institute. He joined Charles Stanley in 1999 and was latterly Branch Manager of the Reading office. James manages both advisory and discretionary portfolios for a wide range of clients including families, trusts and charities.
James is relishing the challenge of a fresh start. “I’m looking forward to working in a firm that is forward-looking but with traditional values putting private clients’ needs first” he said.
“After 17 years with Charles Stanley, it was time to move on. For me, dealing with clients is the number one priority - keeping that close interaction and contact. I have client relationships going back 25 years through multiple generations, and it is important to me and my clients that these continue to be nurtured. Redmayne-Bentley is a long-established, independently owned firm with a good history and reputation. We care about the same things and speak the same language.”
Lizzie Heaver brings 20 years' industry experience, is a Chartered Fellow of the Securities Institute, and also joined Charles Stanley in 1999. She said: "Looking after clients and providing a bespoke personal service that is right for them, is important to me. I enjoy getting to know their backgrounds, and managing their investments with that knowledge at the centre."
“Firms inevitably evolve over time, and I now feel that Redmayne-Bentley’s values and approach regarding client service are more aligned with those of my own, and this is why I’ve made the decision to join this firm.”
Managing partner, David Loudon, said “The firm remains committed to self-employed associates, like Lizzie and James, alongside employed investment managers. We have a simple view: where there’s good quality, compliant business, we want to do it, and we’re flexible about how we engage – employed, self-employed or franchise.
He continued: “If individuals with quality client relationships want a salary with security, then we can accommodate them. If they want to retain ownership, they can do that too. We’re not interested in selling out and we’re confident new associates will like what they find and will stay long term. They will need to comply with industry standard procedures of client care and suitability, but they’ll be free to develop their business and when the time for retirement comes around they’ll be able to arrange earn-out in the age-old way.
“Clients need sound guidance more than ever, and investment professionals need a modern, resilient firm guided by traditional values within which to flourish. It is clear that both Lizzie and James share our vision for client relationships – getting to know our clients well, tailoring our services to the needs of individuals and their families. We still see potential new joiners from our competitors and usually, the cultural fit is good.
“At present, there seems to be lots of movement within the industry and we have had many enquiries. We won’t be taking on too many, too quickly because what we have already is far too important to put at risk, but where the people are right and the workload can be managed steadily, we are certainly open for business.”
Notes to Editor
Last week, Ian Marshall formerly of Cardale Asset Management and Brewin Dolphin joined Redmayne-Bentley’s office in Beverley. Ian has extensive experience in estate and probate work, having specialised in probate for more than 16 years.
In the year to 31 March, Redmayne-Bentley’s client assets grew 1.4% and pushed through the £5 billion mark in July 2016.