A Cardiff financial planning and wealth management firm has launched Wales’ first independent investment business as it reaches 10 years in business.
Bartholomew Hawkins, based at Cardiff Gate, has launched its discretionary fund management business.
“This is a culmination of nearly five and a half years of planning.” said Managing Director Richard Lord. ‘‘We finalised these plans to launch the discretionary fund management arms two years ago; we saw it as the natural evolution of the firm. We want to service clients from around the world here in Wales. That’s the ambition.”
Mr Lord, who runs the firm along with co-director Ian Davies, was speaking at the 10 year anniversary dinner at the James Sommerin Restaurant in Penarth: “We felt it necessary to grow the business by bringing high skilled employment to the country, and the logical route was to challenge the London firms who are simply based based in Wales. By becoming Wales’ first independent fund management firm we hope to attract and develop the top talent right here in Cardiff.”
The anniversary dinner was attended by over 70 people as well as Business Minister Edwina Hart:
The new arm of the business will result in employment of a team of 18 across the next two years. Senior employees have already been appointed with further support and administrative posts to be outlined later this year.
“We are all thankful to the Minister’s for taking time out to attend our anniversary dinner. It’s fitting that she supported the evening as Welsh Government backing was essential in setting up the expansion of the business.”
Bartholomew Hawkins was successful in securing a grant from the Welsh Government to the tune of £180,000. This support will be used to recruit and develop staff for the new discretionary fund management arm of the business.
Speaking of the grant, Mr Lord said: We are grateful to the Welsh Government for buying in to our vision; the financial support is imperative to our plans to grow the business extensively over the next few years. As the first IFA firm in South Wales to launch its own discretionary fund management business – government support was essential.”
Established in 2005, Bartholomew Hawkins provides independent financial advice to both private and corporate clients in all areas of financial planning across the UK.
The firm has offices in Cardiff, Bridgend, Bristol and Chepstow.
The senior management team has come from some of the UK’s most trusted brands such as Scottish Widows, KPMG, Aviva, Clerical Medical and Friends Life.