Quilter Cheviot

Company Profile

Quilter plc, a FTSE 250 wealth management business, describes itself as an ‘omni-channel, full-service wealth manager’. For HNW and UHNW private clients, charities and trustees, Quilter Cheviot serves as a discretionary fund manager, managing £28.1 billion in assets as of the end of March 2024, while Quilter Cheviot Financial Planning – previously Quilter Cheviot Private Client Advisers – offers comprehensive financial advice.

History

The earliest incarnation of Quilter Cheviot was formed in 1771 via a partnership of 150 stockbrokers in London. In 1869 Quilter Balfour & Co was created, and, after a period of expansion and a series of mergers, the company became Quilter Goodison & Co in 1981. Seven years later, Commercial Union acquired Quilter Goodison & Co.

Cheviot Asset Management entered the market in 2006, and merged with Quilter in 2013. Two years later, Old Mutual Wealth, a South African firm, acquired Quilter Cheviot Investment Management, and Old Mutual Wealth Private Clients was established.

Quilter Cheviot’s Dubai office opened in the Dubai International Financial Centre in 2016, with clients in the Middle East accessing discretionary management services via the Jersey office.

Old Mutual Wealth was demerged and rebranded to Quilter in 2018 and listed on the London and Johannesburg Stock Exchanges, while Old Mutual Wealth Private Clients was rebranded as Quilter Private Client Advisers. 

In 2019, Quilter Cheviot Europe was established and authorised, and in 2020 Quilter Private Client Advisers and Quilter Cheviot merged.

In 2023, Quilter Cheviot marked its 50th anniversary in Jersey; the Jersey office can trace its history back to a stockbroking company called Roger Mortimer & Co. in 1973.

Senior leadership

Chairman: Ian Buckley

Chief Executive: Andrew McGlone

CEO: Tim Childe

Chief Investment Officer: Caroline Simmons

Private client services

Financial planning

Quilter Cheviot Financial Planning, formerly known as Quilter Private Client Advisers, provides financial solutions that enable HNW and UHNW to preserve and pass on their wealth, reduce taxes – and adapt to tax policy changes – and plan for the future.

This includes retirement planning, succession planning and next-gen education, personal and business protection, and wealth management, combining financial planning and investment management to grow, preserve, protect and pass on wealth tax-efficiently.

Investment management

Quilter Cheviot offers bespoke portfolio management services to more than 36,000 clients, with solutions for those seeking to invest for growth, income or preservation. These include:

• Managed portfolio service: for individuals wishing to invest more than £40,000, seven actively managed, multi-asset strategies designed to provide specific geographic or asset class exposure, with investments in a combination of direct equities, bonds or external fund holdings
• Discretionary portfolio service: for individuals wanting to invest more than £250,000
• Climate assets funds: the Climate Assets Balanced fund and Climate Assets Growth fund take a thematic approach through multi-asset allocation, employing exclusion criteria
• Alternative investment market strategy: for individuals wishing to invest more than £100,000, facilities investment in early-stage and more established companies to enable investors to benefit from inheritance tax relief

Cash management service

Via the Flagstone platform, Quilter Cheviot offers an online cash management service that provides clients with access to hundreds of bank deposit accounts.

Location

Quilter Cheviot: UK (Belfast, Birmingham, Bristol, Edinburgh, Glasgow, Leeds, Leicester, Liverpool, London, Manchester, Salisbury); Ireland (Dublin); United Arab Emirates (Dubai); Channel Islands (Jersey)

Quilter Cheviot Financial Planning: UK (Birmingham, Carlisle, Chester, Exeter, Leeds, London)