The partnership will see Quilter become the exclusive wealth management partner of Virtualnonexecs’ 18,000 non-executive and business-owner members.

It will offer savings and investments, tax management, retirement planning, portfolio management and protection.

Quilter will also provide dedicated education materials, webinars and support.

Michelle Andrew, managing director of advice at Quilter Cheviot, said: “Partnerships such as these are vital to help promote the benefits of discretionary investment management and financial advice and we are delighted to be working closely with Virtualnonexecs.com.

"We’re excited to work with their large and growing membership base of business owners and non-executive directors to support them as required, whilst also benefitting from their knowledge and expertise.”

Quilter added that it is looking to develop more partnerships with membership bodies to offer bespoke wealth management services to high net worth clients.

Ian Wright, executive chairman at Virtualnonexecs, said: “Our membership advises over 30,000 boards and many founders/business owners have minimal long-term financial plans. 

"These founders are often heading towards a transaction or exit and we hear time and again that ‘financial advice is only offered at the time of a transaction’ but few firms build relationships during the months and years beforehand. Quilter Cheviot’s commitment to partnering with our community will be hugely well received by our members and the companies they advise.”