Branch principal Paul Whitehead said founding Raymond James Cheltenham Spa, enables him to combine the strength and stability of a secure international financial services organisation with the personal service of an independently managed branch of Raymond James Investment Services.

The Cheltenham Spa branch will concentrate on providing bespoke discretionary investment management services to clients based across Gloucestershire, Herefordshire and Worcestershire. It will also service clients in London and across the UK.

Mr Whitehead said: “The pandemic has given me a chance to reset and consider what is important in my profession: namely, building lasting and meaningful relationships with clients and the resulting satisfaction of providing them with an excellent service.”

The branch is the third new operation this year for wealth manager Raymond James.

A pair of Chartered Financial Planners who sold their previous business to 1825 founded a new Raymond James wealth management branch last month in Barbican, London. Tony Moss and Robert Goldschmidt were the founders of Cumberland Place Financial Management which was acquired by the Financial Planning arm of Standard Life Aberdeen in 2018. 

Raymond James manages over £13bn of client assets through 100 independently managed branches in the UK. Each branch is responsible for its own clients with oversight from Raymond James. Across Raymond James, there are 300 wealth manager advising 40,000 clients and managing client investment portfolios.