Tony Overy is to retire as chief executive of Financial Planning at Rathbones at the end of this year.
He will replace Paul Sweaton, who has resigned from the board.
Mr Overy will remain with the Rathbones Group as he will take over as executive chairman of the group’s advice network Vision IFP.
He joined Rathbones in October 2021 following its acquisition of Saunderson House where he was chief executive.
Vision IFP is a Falmouth-headquartered network of 140 self-employed financial advisers focused on high-net-worth private clients, and is a wholly owned subsidiary of Rathbones. It has been part of the Rathbones Group since 2015, although Rathbones first acquired a 19.9% stake in 2012.
The network has client assets under advice of £6.9bn.
On joining Vision, subject to regulatory approval, Mr Overy will work with the management team to undertake a strategic review to establish the future director of the network.
Camilla Stowell, CEO of wealth at Rathbones Group, said: “He has had an exceptional career in financial advice and knows Rathbones extremely well. I look forward to working with him as we continue to build on Rathbones’ existing strong relationships with independent financial advisers across the Vision network.”
Rathbones Group is a wealth manager specialising in individuals, charities, trustees and professional partners. It offers discretionary investment management, fund management, tax planning, trust and company management, financial advice and banking services.
Rathbones and Investec Wealth completed a £1bn merger in September 2023. The combined business is now operating under the Rathbones name.
At the time of the deal, the merged company said it would enable it to “enhance the client proposition across banking and wealth management services for both groups.”
Rathbones manages £109.0bn of assets (as of 30 June 2025), of which £15.8bn is managed by Rathbones Asset Management Limited (as of 30 June 2025).
The firm has over 3,500 people across UK locations and the Channel Islands.
