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A successful first year for finance and investment firm

29th February 2016

UK finance firm celebrates first anniversary with record investment figures and a string of successes

Gale and Phillipson is marking its first major milestone by posting record income figures and announcing a string of business successes.

Just one year on from the historic merger of jonathanfry plc and Easby Gale and Phillipson in February 2015, Gale and Phillipson has reported that figures to the end of January this year show the firm achieved strong revenue growth (now running at a record rate of £4.6m pa) and has remained profitable during a year of internal investment and integration.

David Carr, CEO of Gale and Phillipson, said: “We’re very proud to be able to achieve such strong figures for the business in its first year. Over the course of 2015 and into early 2016, we’ve seen external factors take their toll on the finance industry, including substantial falls in global equity values, continuing market volatility and the continuation of historically low rates for cash accounts. However, at Gale and Phillipson our results continue to be impressive and encouraging.”

Over the last 12 months, Gale and Phillipson – which has offices in London, Newcastle, Richmond and Northallerton – has also marked its first year anniversary by announcing other successes across the business.

The company has taken on an additional five members of staff across investment, para-planning and administration, increasing its workforce to 60, has opened a new office in the prestigious area of Primrose Hill in North London, and recruited Robin Joyner Associates as an Appointed Representative of the firm in the South East of England.

In addition, the firm has launched new websites for both Gale and Phillipson and its Dynamic Cash Management (DCM) service, as well as developing an online portal for its DCM clients and introducing firms.

Alongside boasting a strong financial performance, the firm has also been introducing consistent working practices, identifying new learning opportunities for advisers and administration teams, and introducing new investment services to ensure its clients are receiving the very best in financial planning and investment management services.

One of the most recent investment services launched by Gale and Phillipson is a new discretionary managed service – the Discretionary Managed Portfolio – which uses actively managed and passive (index tracker) funds to build diversified, risk-rated, cost-effective portfolios for clients.

Some of the advantages of this new service include:

  • keeping clients’ portfolios suitable by buying and selling funds without them having to authorise every trade
  • risk-rating its investment service, which means it is designed to ensure clients’ investments are not put at too much risk
  • placing investments in ‘model portfolios’ which is a very cost effective way to run investments
  • a ‘whole of market’ service which means it chooses from and reviews best value funds from reputable institutions
  • monitoring from an Investment Committee made up of investment professionals from around the industry to ensure the service takes advantage of the most attractive investment opportunities and that it doesn’t take excessive risk with clients’ money
  • an excellent track record in discretionary investment services which have been running for over five years.

Gale and Phillipson provides independent advice and a range of wealth management services.  These include financial planning advice, discretionary investment management, advisory investment management, mortgage advice, corporate financial advice and the industry-leading cash management service Dynamic Cash Management.

The company manages or advises on over £700m in client assets and has ambitious expansion plans to accrue at least £1.5 billion funds under management within five years through acquisition and organic growth.

Phil Morris, head of acquisitions and distribution, said: “Our recent figures demonstrate the seamlessness of the merger of jonathanfry plc and Easby Gale and Phillipson, as well as the further acquisitions we have made since then. We are a professional, vibrant and growing company, with a clear focus on meeting client needs and reducing customer costs.”

CEO David Carr continued:  “Gale and Phillipson has a long history, dating back to 1905, of helping our clients create and protect their wealth, and we’re committed to finding the best solutions for their financial planning needs.

“We’re looking forward to continuing and building on our success in 2016 as Gale and Phillipson continues to go from strength to strength.”


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Regulatory Statement

Gale and Phillipson Investment Services Ltd, Gale and Phillipson Advisory Services Ltd, Gale and Phillipson General Financial Services Ltd and Gale and Phillipson (SE London) Ltd are all authorised and regulated by the Financial Conduct Authority (Reference Numbers 431387, 142752, 195080, 195522).  Gale and Phillipson (Herts) Ltd and Gale and Phillipson Consulting Ltd are appointed representatives of Gale and Phillipson Advisory Services Ltd.  Gale and Phillipson (Surrey) Ltd is an appointed representative of Gale and Phillipson Investment Services Ltd. (Reference Numbers 615821, 811525, 703337). All companies trade under the name Gale and Phillipson and are registered in England and Wales numbers 05409822, 02232959, 03751076, 04077157, 08864945 and 04823391.  Registered office for all companies is Gallowfields House, Fairfield Way, Richmond, DL10 4TB.

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