Vestra Wealth is looking to target the IFA market as more advisers outsource their investment decisions post-RDR.
The firm, which has £2bn assets under management, has hired Roy Thompson as its new business development director to focus on meeting the increasing demand for its services from IFAs.
Thompson joins from Catley Lakeman Securities, where he was a member of the business development team, and has previously been a key account director at AXA where he worked for 18 years.
Tony Allan, head of IFA business development at Vestra Wealth, says: "We have seen an increased demand from IFAs looking to Vestra for assistance in managing their clients over the past year, so expanding our Business Development Team is a natural progression for us.
"Roy has built up a fantastic reputation by providing a high level of service to IFAs based on strong relationships. He is an ideal candidate for Vestra and our growth strategy."
Roy Thompson adds: "With the introduction of the RDR in 2012, Vestra has positioned itself to assist the IFA community in a number of ways, and I am excited to be joining a fast-growing firm with many growth opportunities."
Annuity market worth £4bn in 2017
For ‘distress’ caused
Oversees £30bn of advised and D2C assets
Less than a third of top paid employees are women
£1bn business since inception