Independent corporate finance and investment advisory firm, specialising in smaller quoted and larger unquoted companies
31 January 2008
AIM-quoted Merchant House Group (MHG) is pleased to announce the formation of Merchant Wealth Management Limited, to introduce wealth management services to its own corporate and, in future, private clients. The new company is 100% owned by MHG.
It marks the latest in a series of moves to broaden the corporate and merchant banking services provided by MHG, using a new business model devised to increase revenue and operating margins through revenue sharing partnerships that will function on a low cost basis.
This development means that Merchant Wealth Management can introduce the private clients of the Group to major providers of pensions, business and private insurances, asset management, trust and estate planning and immediate needs annuities. Paul Hassall FCII, CeMAP joins the board of Merchant Wealth Management. Paul brings 26 years experience including with Royal and Sun Alliance Group and as a partner in St James Place Wealth Management
The creation of Merchant Wealth Management follows two other new moves announced earlier this month – the creation of Merchant Legal to provide commercial legal services to clients, and the strengthening of MHG’s corporate finance division with the recruitment of senior corporate financiers. Like Merchant Wealth Management, both of those divisions will operate on a revenue-sharing basis.
MHG Chairman Martin Eberhardt said, ‘We see Merchant Wealth Management as another strong example of our new approach, seeking to maximise the cross-selling opportunities deriving from our corporate finance and broking activities. We look after corporate clients that are looking for a fund-raising or listing, and it is clear the directors might also be thinking of their own personal wealth issues.’
An existing client base for the services of Merchant Wealth Management may also stem from the activities of Merchant House Finance, which arranges leasing and asset finance for private jets, race horses and yachts.
Along with Paul Hassall, Richard Smith, Matthew Hassall and Julie Roberts are also supporting the services available through Merchant Wealth Management.
Merchant Capital Limited
Aldermary House
10-15 Queen Street
London EC4N 1TX
United Kingdom
Tel: +44 (0)20 7332 2200