Quilter Cheviot, a prominent division within Quilter, welcomes Colin Rowe as its new head of advice, subject to approval.
- Colin Rowe brings over two decades of leadership experience in wealth management to Quilter Cheviot.
- Quilter Cheviot recently gained approval from the FCA to expand its regulatory permissions to include financial advice.
- This strategic move aims to integrate financial planning and investment management for a seamless client experience.
- The role emphasizes collaboration within Quilter’s distribution strategy and the development of client-focused financial solutions.
Quilter Cheviot, the high net worth sector of the wider Quilter group, has officially brought on board Colin Rowe as the head of advice, pending regulatory approval. This key appointment comes at a time when the organisation has received the necessary consenting nod from the Financial Conduct Authority to broaden its operational remit to encompass financial advice. As a result, the firm plans to consolidate its financial planning and investment offerings into a single, streamlined regulated entity by next year, promising a more cohesive service for its clients.
Colin Rowe arrives with a robust career portfolio, marked by over 20 years of leadership roles within the wealth management arena. His most recent tenure as managing director at 7IM and his previous position leading private clients at Close Brothers Asset Management underscore the substantial experience and strategic insights he brings to his new role. At Quilter Cheviot, Rowe will take the reins of the UK-based financial planning team, embedding himself in the firm’s executive committee and reporting directly to Chief Executive Andrew McGlone.
Moreover, Rowe’s appointment synchronises with a broader distribution strategy spearheaded by Michelle Andrews, who will now amplify her focus on extending Quilter Cheviot’s offerings through IFA distribution and professional services. This shift is part of an effort to craft specialised propositions that cater to the dynamic and evolving needs of their clients. The firm’s multi-channel distribution blueprint is an essential component of its growth agenda, ensuring that the financial solutions they provide keep pace with client demands.
Andrew McGlone, Chief Executive at Quilter Cheviot, emphasized the significance of aligning investment management with financial planning in the current political and economic climate. He affirmed that, “We are committed to achieving this in the best possible way for both our own financial planners and also our third-party IFA supporters.” McGlone articulated optimism about Rowe’s role, stating, “Colin’s experience will be invaluable. He has a huge amount of commercial experience in high-net-worth financial planning and investment management, having held key strategic roles in the industry.”
Colin Rowe expressed his enthusiasm for his new venture, highlighting his eagerness to collaborate with the financial planning team to enhance and grow this sector of the business. He mentioned, “We want to continue to build and grow this side of the business, whilst continuing to improve the service we are able to offer our external supporters, ultimately providing all clients with the expertise they require to help achieve their financial objectives.”
Colin Rowe’s appointment marks a strategic move for Quilter Cheviot towards integrated financial solutions.
