Swindon-based Unique Financial Planning, which is currently under the directorship of Nucleus cofounder Philip Martin, has launched a wealth management arm in a bid to attract high-net-worth clients.
Martin (pictured) cofounded Nucleus with David Ferguson in 2006, and was later a proposition and marketing director at Openwork for six years. He joined Unique Financial Planning, which is part of Openwork, as managing director in April 2019.
The launch of Unique Wealth is the result of a merger between Unique Financial Planning and four staff members from Surrey-based IFA Bright Blue Wealth.
Rhiannon Vallis, founder of Bright Blue Wealth, and three other advisers from the firm have moved to the new Unique Wealth office in Weybridge. Vallis met Martin through Openwork, of which Bright Blue Wealth is also a member.
The joining of these advisers will increase Unique’s assets under influence to around £700m and take its total number of advisers to 32, while the launch of Unique Wealth increases its location count to five across Dorset, Surrey, Hampshire and Wiltshire.
Martin said Unqiue will focus on building a recognisable brand while growing its adviser numbers to 50 over the next three to five years.
Stewart Williams, CEO of Unique Financial Planning, said the creation of Unique Wealth is a ‘transformative step’ for the firm, allowing it to offer a wider range of wealth preservation and generational planning services to clients.
‘Over the past few years, we have been gradually expanding our offering to ensure we can provide the full range of services to our clients throughout their lives.
‘We are delighted to welcome Rhiannon and her team to Unique and are incredibly excited for the opportunities that await us in the wealth management space.’
Vallis added: ‘The added support that being part of a bigger organisation like Unique will allow us to offer an even better service to our clients.’