Dean Whittaker and Michael Davison combined the extensive experience they respectively gained with the private banking arms of Lloyds and Bank Of Scotland to establish DW Wealth Management, which offers individually tailored investment strategies for both personal and corporate clients.
And having built a strong client base both within and outside the North East during its first year, DW Wealth Management is now looking to create a number of new administrative jobs which will support their future development plans.
Based on the Quorum Business Park, DW Wealth Management offers advice on all aspects of finance, including investment planning, retirement strategies, family & individual protection and inheritance tax solutions, and receives most of its referrals from intermediaries firms and existing industry contacts .
The majority of its clients are based in the North East and the Borders, but the firm has also established a growing presence in Yorkshire and the south of England, where it will be looking to make further inroads this year.
Gosforth-based RMT Accountants & Business Advisors is working with DW Wealth Management on developing and implementing its growth strategy.
Dean Whittaker, director at DW Wealth Management, says: “Both Michael and I felt that the way that personal financial advice in our industry had evolved to become too focused on the banks and not focused enough on the needs of clients, so we set up our own business to do things how we felt they ought to be done.
“Our aim is to work with clients over the long-term, developing and executing wealth management strategies that are appropriate to their particular requirements, and it’s an approach that has quickly enabled us to build up a solid client base.
“As the number of DW clients has grown, so has the amount of administrative work required to keep everything running smoothly, and adding new people to manage this will free up more of our time to build the business where we see opportunities to do so.
“While our primary focus remains on the North East, we also have growing numbers of clients outside the region, and we think there’s a great deal more potential to realise from the business over this year and beyond.”
Chris Moir, tax manager at RMT Accountants & Business Advisors, adds: “Having known Dean and Michael for some time, it is no surprise to see the success that they’re having and how rapidly their business is growing.
“Their approach and level of client service is second to none, and we’re excited to be assisting them in meeting their future growth aspirations.”