Rhodes Wealth Management has doubled its number of clients after a merger with another Derbyshire-based financial advice firm.
The link-up with the St. James’s Place Wealth Management business will allow Hale Wealth Management to bring complementary services under the Rhodes umbrella.
Since Rhodes moved to new premises at Luke Lane in Brailsford, Derbyshire a year ago, the company has been looking at ways to maximise its offering
For many years, managing director Adam Rhodes had known Derby-based Jason Hale, who has been established in the financial services industry for more than 20 years.
Jason has built up a loyal client base but he and his team were working from smaller offices in Littleover so it was logical to link up with Rhodes Wealth Management who can provide the infrastructure to support his client base further.
Jason said: “I first met Adam in Nottingham, in 2007 when he had recently founded Rhodes Wealth Management, and since then we have kept in contact as our businesses have grown, sharing best practice and supporting one another along the way.
“By pure coincidence, we share the same personal trainer, and after several meetings at the gym. began to discuss the benefits of merging into one single business and team.
“In terms of client numbers, Hale Wealth Management was doing very well but, because we had a small team, and small offices, we could not always offer the wide variety of services which are offered by Adam Rhodes and his team.
“Examples of this would be the Rhodes Wealth Management mortgage offering and their regular market update events for clients, helping keep our client base aware of important changes to the global economy.
“Rhodes Wealth Management also benefits from a substantial administration, a paraplanning team and a dedicated marketing and events function. This collaboration will ensure that our clients receive the highest levels of service and experience possible.
“In common with Adam, I believe in financial advice with a personal touch and we are looking forward to strengthening this together over the coming years.
“We are delighted to have effectively doubled the number of clients under the Rhodes Wealth Management umbrella overnight and are happy to be a part of such a knowledgeable and friendly team.
Adam added: “As a result of the merger, we now have three additional staff with all the added energies which new starters bring but benefitting from years of industry experience whilst with Hale Wealth Management.
“In Jason himself, we have someone who is steeped in the financial services industry with more than two decades’ experience.
“The merging of the two businesses brings together the knowledge and experience of two practices under one roof, leading us to have one of the strongest adviser teams in the Derbyshire area, thanks to their cumulative experience and specialist qualifications.
“The Rhodes Wealth Management approach and ethos remains the same but strengthened by the addition of the Hale Wealth Management team.
“Our mission is to help our clients make the most from their money. Different clients have different aims but we have the expertise to help everyone achieve their goals.
“Our bywords will remain quality, integrity and excellence. With clear guidance, we cut through the complexities of the investment world, helping clients fulfil their personal and professional visions.
“We will be holding more events in 2020 to ensure our large client base is kept up to date, engaged and aware of relevant current events. A bigger team only serves to further enable us to consistently deliver excellent levels of service.”