Investment duo complete wealth manager buyout
Source: LBN Daily
Experienced wealth management and investment professionals Derek Gawne and Lizz Ewart have acquired Charteris Asset Management.
They both joined Charteris in May 2021 to set up its new Liverpool operation. Two years on they have now taken control of the business and are rebranding it as CAM Wealth Group.
Liverpool will be the head office of the new IFA business which they say will look to expand both regionally and nationally with further acquisitions and organic growth.
Derek is well known in Liverpool, having previously worked at a senior level for Charles Stanley, Redmayne Bentley and Raymond James. He also founded his own consultancy, DG Capital Services.
Lizz brings 30 years of experience in investment management and private equity. Her CV includes roles at Amati Global Investors, F&C, Aberdeen Asset Management, JP Morgan Fleming, Schroders and Barings.
“The days of the ‘big badge’ corporate image are long gone – clients want tailored, objective-driven advice delivered with a more personal touch,” said Derek.
“In an ever-changing and often uncertain economy, we’re passionate about providing clients with a sense of security and a feeling of importance, safe in the knowledge that all their financial and professional needs have been addressed.”
CAM Wealth is exploring a number of “strategic alliances” with other disciplines to provide additional advisory services. These include tax planning, mortgage and general insurance advice, corporate finance and legal services.
Lizz, who will hold the title of managing director, added: “In the UK, there is a notable shortage of joined up thinking in the wealth management arena.
“This acquisition will enable us to deliver professional, collaborative advice – bringing a long-term vision to fruition and enabling us to deliver real value for both new and existing clients.”
Ian Williams, chief executive of Charteris Holdings, also said:
“I am pleased to confirm that our IFA subsidiary – Charteris Asset Management – has been sold and rebranded as CAM Wealth Group.
“I look forward to watching the business grow under Lizz and Derek’s expert leadership and wish them well in their new venture.”
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