Rhodes Wealth Management agrees merger with financial advice firm
Apr 14, 2022
14 Apr 2022
Rhodes Wealth Management has significantly increased its client base after a merger with another financial advice firm based in Ilkeston. The company has joined forces with Paul Bainbridge Wealth Management and will allow it to bring complementary services under the Rhodes umbrella. Adam Rhodes began his firm as a one-man operation in 2007 and it now has a staff of 27 with headquarters in Brailsford, Derbyshire and an office at West Bridgford, near Nottingham. The link-up with experienced Paul Brainbridge, a fellow St. James's Place partner, has been agreed as Bainbridge moves towards retirement in coming years. Bainbridge said: "During 2021 I have been in discussions with various St. James's Place Partnerships with the idea of merging my business into theirs. The objective has been to improve client servicing by having larger resources to call upon. "This will also provide my clients with a second contact point as I begin to have an eye on my retirement. "I am delighted to confirm after many meetings and discussions I have found a St. James’s Place Partnership that I am confident is aligned with my principles and beliefs and has the ability to continue to provide successful client outcomes. "I have known Adam Rhodes for many years and he has a wealth of knowledge and experience. "He and Tristan Gilbody run a successful St. James’s Place Partnership, supported by a fantastic team of financial advisers and well-trained support staff." Adam Rhodes added: "I have known Paul since I started at St. James's Place and I was delighted when he decided to entrust me and the team at RWM with the task of supporting him and his clients. "Our business mission is to 'change people's lives for the better'. That includes our clients, our team members, our business and charitable partners and, of course, those moving over from Paul Bainbridge Wealth Management. "Whilst nothing will change for Paul’s clients in the short-term, over time he will begin to hand over the day-to-day management of their finances to advisers from Rhodes Wealth Management."