Margetts Wealth targets £1m breakthrough after relocation

Margetts Wealth Management, which offers investment, estate, retirement, tax and corporate business advice, has moved into a 2100 sq ft office in St Paul’s Square as part of an expansion drive that will see it hit £1m fees by the end of the year.

The firm has enjoyed 20% year-on-year growth since 2014 and now looks after more than 150 clients, including a number of high-profile names.

Managing director Kevin Smith, who took over at Margetts Wealth Management in 2012, said: “This is a great move for our business and gives us double the space we had previously, dedicated meeting rooms and access to state-of-the-art IT infrastructure.

“More importantly, the location places us at the heart of our client base and gives us easy access to accountants, lawyers and other professional service organisations who trust us to look after the financial affairs of their clients.

“We are passionate about our West Midlands routes, with 80% of the individuals and businesses we represent based here. It’s also a great time to be investing in Birmingham, with the regeneration work taking place, big companies moving here and the prospect of HS2 on the horizon.”

Using more than 75 years’ combined experience, the firm works with individuals and business owners to identify where they need support and expert advice on investments, retirement planning, protection, trusts and estates, succession planning or accelerating exit strategies for business owners.

Smith said: “We don’t want thousands of clients, that’s not the way we operate, most people come to us when they have a specific issue and it is our job to not only offer them a solution for that, but to take a more holistic approach to their long-term financial planning.

“That’s what makes us different to other IFAs. We want to be with the client through the entire journey and all of life’s big events. Give them the opportunity to plan for every eventuality and, when those moments arise, ensure they have easy access to their money.”

Margetts Wealth Management recorded £950,000 in client fees last year and expects to take that past £1m in 2016. This will involve the recruitment of an additional three people to work at its new Birmingham office.


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Published: 15 August 2016

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