Neal Grainger, a former commercial financial adviser from Eaglescliffe, joins Arc Wealth Ltd from Lloyds Banking Group with more than 32 years’ experience within financial services.
Neal will help develop the new range of corporate services offered to clients.
For the past 15 years Neal has operated in the Tees Valley providing business financing, employee benefits and protection solutions to more than 100 businesses in the region.
Neal will be now responsible for providing holistic corporate financial advice to a wide range of companies, including share purchase agreements, key person assurance and partnership protection alongside wealth and retirement planning advice.
The practice also provides Auto Enrolment advice which Neal will be offering to his clients.
His appointment was key for the firm; with fewer high-street corporate wealth managers for businesses in the local area it will now allow many SMEs the opportunity to access corporate advice.
Neal said: “I am excited to be joining Arc Wealth. With a strong banking background in banking and financial services I felt the time was right to make the move to an established wealth management company. There is a gap in the market for corporate advice and I am confident that I can offer businesses the right information to help their businesses grow.”
Andrew Chambers, managing director, added: “With the addition of Neal, it has allowed us to expand our service offering to clients. We can now offer a full range of financial planning services to individuals and businesses.
“We have plans to expand the practice this year, and are looking to take on a number of advisers. We are now fully geared up to achieve this in 2015.”
ARC Wealth Limited is a leading wealth management company based in County Durham. It is a partner practice of St James’s Place Wealth Management and has more than 70 years of experience within financial services. Arc offers Investment advice, retirement planning, estate protection and business advice.