A financial firm has continued its rapid expansion with the recruitment of two new independent advisers, including a specialist in advising businesses on pensions auto-enrolment.
Active Financial Services has taken on Claire Davison and Paul Newton on the back of becoming one of only 1% of UK firms in the sector to have achieved Chartered status.
The arrival of the former bank employees continues Active’s ongoing recruitment drive that has already seen it double its turnover during the past five years.
From its Teesside headquarters, Active’s 19-strong team now covers the entire North East along with large areas of Yorkshire and Humberside.
While Davison is already covering the Hartlepool area and the northern part of Teesside, Newton will cover the A19 corridor from Sunderland and Durham up to Tyneside.
Active director Karl Pemberton said: “Having achieved Chartered status that officially ranks Active among the top 1% of the UK’s financial firms, Claire and Paul have further strengthened our team both geographically and in terms of the width of expertise we can offer.
“People are now more aware than ever of the need to take independent financial advice.
“As banks withdraw their traditional services, many of their former customers are looking for alternatives and want to speak to an established firm that gives them honest, independent advice that’s best for the individual.”
With more than 20 years of experience offering financial advice to Yorkshire Bank customers in Hartlepool, Newcastle, Sunderland and South Shields, Davison is enjoying a fresh start with Active.
Newton has spent the majority of a 25-year spell with the Royal Bank of Scotland providing financial advice to customers in Sunderland and Newcastle, while also covering areas including Berwick to the north and Sheffield to the south.
“Active is a dynamic company and a breath of fresh air compared to many others in the industry,” he said.
“It’s a release to move out of the banking world. There are some good people working in the sector but confidence has been lost in banks, so increasing numbers of people are turning to financial advisors like Active for independent wealth advice.”