Newcastle based wealth management company, Tier One Capital, has announced the appointment of expert financial adviser Michael Carrick as its new Senior Wealth Manager.

Michael takes on the role following the recent acquisition by Tier One Capital of Carrick Financial Management.

Michael has more than 30 years’ experience in the financial services sector having worked for Prudential for a decade before establishing Carrick Financial Management in 2001. He has specialist Chartered Insurance Institution qualifications covering investments, pensions, long term care and trusts.

Michael Carrick said: “I’m delighted to take up this senior role with Tier One Capital.

“Having worked alongside the team, both prior to and following the acquisition of Carrick Financial Management, I am really looking forward to being part of this thriving business and supporting its objectives to provide a wider product offering.

“I am also looking forward to creating additional opportunities in the financial marketplace for Tier One Capital and expand and diversify its wealth management client base.

“Throughout my career I have developed long-standing and trusted relationships with a wide range of clients, providing customised and specific personal financial advice, at the same time working in close partnership with them, as they develop their aspirations and personal financial journey.”

Ian McElroy, Chief Executive, Tier One Capital, said: “Michael is well known in the region for his expertise in providing bespoke financial advice, and he is a recognised and well-respected member of the North East financial advice sector. We are absolutely delighted that he has taken this position with Tier One Capital, adding further strength to our growing team of experts.

“His appointment to this senior role, which continues our trend of recruiting experienced, respected and highly credible individuals, will enable us to develop further our customer offering to a wider independent client base, high-net worth individuals and professionals.

“It will also support the continued integration of Carrick Financial Management into Tier One Capital and the expansion of our services and capabilities to our growing client portfolio.”

The appointment is another part of Tier One Capital’s full integration of Carrick Financial Management into its operations, which is enabling it to expand its wealth management, investment management and direct lending services.