The Courier & Advertiser (Perth and Perthshire Edition)
Wealth managers Blackadders investing in future workforce
Assets under management and number of staff have increased
Dundee-based Blackadders Wealth Management LLP has grown the value of assets under management by 35% in the last year.
The financial advice and portfolio management group has taken on an additional five staff and doubled the number of employees advising clients in the past year.
This expansion includes the launch of a dedicated graduate trainee scheme. The first two entrants to the scheme are halfway towards qualifying as an investment manager and independent financial adviser.
It was established as part of the firm’s approach to succession planning, where senior staff mentor the next generation and help build on client relationships.
Director of investment services Keith Thomson said: “Investing in the development of our wealth management team and the services we offer is a key aspect of our plans for Scotland and signals our commitment to further develop business growth by continuing to deliver a high-value service to our clients.
“We have built a diverse portfolio of clients, many of whom have been with us for over 30 years, as a result of our financial experts developing strong, trusted relationships by offering sensible wealth management advice and a personable, professional service.”
Blackadders Wealth Management demerged from solicitors Blackadders in November 2016.
In recent years Blackadders has acquired a number of highly-regarded law firms, which has also benefited the wealth management arm.
The investment management team operates out of Edinburgh and Dundee and, as the office network also covers Glasgow, Perth and Aberdeen, there is comprehensive coverage of the Scottish marketplace.
In recent weeks, the team has been further strengthened by the appointments of Jamie Daniels and Paul Heath as investment managers. Mr Daniels was previously with Cornelian Asset Managers and Mr Heath made the move from Exeter-based Charles Stanley & Co.