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Cooper Parry Wealth has outlined plans for national expansion under new managing director David Kendrick, who is leading a push to grow the firm’s assets to £6bn within three years.
The wealth management business, which currently manages £1.7bn for about 900 families, aims to reach £50m in annual revenue by 2028 through acquisitions, recruitment and greater integration with Cooper Parry’s wider group.
The strategy includes investment in technology and closer links with the firm’s regional hubs in the Midlands, Scotland, Northern Ireland, Manchester, Reading and London.
Kendrick, who took up the role in July, stated that the firm was focused on scaling its operations rather than relocating, and that the firm is in advanced talks with potential partners and talent to “supercharge” its presence in the region.
The North West will be a key area of growth, beginning with new hires in Manchester. Recent appointments include Hannah Davies as director of growth, Paul Clifford as relationship manager and Anna McKenzie as paraplanner team leader.
The firm is also in discussions over two potential acquisitions in the region.
Kendrick said the firm’s client service model would remain central as it grows. Each relationship manager works with 50 to 70 clients, compared with an industry average of 269.
Cooper Parry Wealth, which currently employs more than 80 staff, expects its headcount to rise to nearly 300 within three years.
He added: “It’s exciting times. We’re not re-platforming or relocating the business. We’re scaling out across the Cooper Parry group’s hubs. Scale gives us the ability to invest in technology and talent. That means more value for our clients, both new and existing.”
