Beaufort Financial, the national advice business and part of Beaufort Group, has unveiled two new appointed representatives as part of its ongoing expansion.
Falkirk-based Forth Valley was first launched by founder, Douglas Harley, as Harley Financial Services in 2002. The business was one of the first Scottish firms to earn the Chartered Financial Planners title from the Chartered Insurance Institute.
The group has also launched Pembrokeshire-based Beaufort Financial Pembs, which was established in July 2020 and will be run by independent financial advisers, Alex Thomas and Tyenne Morgan.
As with all its ARs, both firms will receive marketing, compliance and administrative support from Beaufort Financial, enabling them to focus on serving clients.
Derrick Dunne, Chief Executive of Beaufort Financial, said: “As a business, we are passionate about empowering adviser firms – both new and established – with the tools they need to develop and grow successful businesses.
“Working with more advisers like Douglas, Alex and Tyenne, who are passionate about what they do and want to be in it for the long-term, is an important part of our growth strategy. This is another exciting development for us and we look forward to supporting both teams for many years to come.”
Douglas Harley, Managing Director of Beaufort Financial Forth Valley, said: “After a successful 18 years, it was the right time to find a partner who could help us meet our long-term objectives.
“We have several talented young paraplanners within the business and were keen to set them on the path to becoming chartered advisers. The additional support from Beaufort Financial will go a long way to helping us achieve this, while importantly allowing me to move away from the administrative side and devote that bit more time to clients.”
Alex Thomas, Independent Financial Adviser at Beaufort Financial Pembs, said: “By working with Beaufort Financial, we have all the infrastructure and assistance needed to get our business off the ground, freeing us up to focus on what’s important for a new firm – helping more people achieve better financial outcomes and growing our client base.
“The team have an unrivalled understanding of IFA’s and the challenges they face, so we look forward to benefitting from their expertise.”
The news comes after it was announced parent company Beaufort Group had signed Heads of Terms with private equity-backed financial advice group Socium, to bring its growth plans to fruition.