Close Asset Management is growing its presence in the Midlands with the appointment of Max Edwards to the role of intermediary client adviser. His role will focus on providing investment advice and developing intermediary relationships in this region, to better assist IFAs in a changing market.
Comments Steven Mendel, head of wealth management at Close: “Close is committed to growing the business across the UK, particularly the Midlands which is a key region in our plans for future business development. We don’t just believe change is coming; we know it is and it is crucial that we have the right people in place during this transitional period.”
Max joins Close from Barings, where he was instrumental in building the discretionary and private client intermediary business. Originally from the West Midlands, this role takes Max back to his roots where he will be focussing on supporting intermediaries in the region.
Steven Mendel continues; “A combination of the impact of volatile markets on client sentiment and the potential impacts of RDR is giving rise to significant change in IFA business models. We are seeing a genuine trend towards IFAs “de-risking” the investment advice element of their businesses through the development of strategic alliances with professional discretionary managers. Close will be offering options to intermediaries who are looking for out-sourced solutions to portfolio management and investment advice. We will continue to grow our client advisory teams, ensuring that we share valuable insights, provide guidance and offer viable business options to IFAs.”