Dean Whittaker and Michael Davison joined forces and put to use their combined experience respectively gained with the private banking arms of Lloyds and Bank of Scotland to establish DW Wealth Management, which offers individually tailored investment strategies for both personal and corporate clients.
Whittaker, director at DW Wealth Management, said: “Both Michael and I felt that the way that personal financial advice in our industry had evolved to become too focused on the banks and not focused enough on the needs of clients, so we set up our own business to do things how we felt they ought to be done.
"Our aim is to work with clients over the long-term, developing and executing wealth management strategies that are appropriate to their particular requirements, and it's an approach that has quickly enabled us to build up a solid client base.”
Based on the Quorum Business Park, the firm is now looking to create a number of administrative jobs to support its future development, after securing a strong national client base.
The majority of its clients are based in the North East and the Borders, but the firm has also established a growing presence in Yorkshire and the south of England.
Chris Moir, tax manager at RMT Accountants & Business Advisors, said: “Having known Dean and Michael for some time, it is no surprise to see the success that they're having and how rapidly their business is growing.
"Their approach and level of client service is second to none, and we're excited to be assisting them in meeting their future growth aspirations."
Whittaker added: "As the number of DW clients has grown, so has the amount of administrative work required to keep everything running smoothly, and adding new people to manage this will free up more of our time to build the business where we see opportunities to do so.
"While our primary focus remains on the North East, we also have growing numbers of clients outside the region, and we think there's a great deal more potential to realise from the business over this year and beyond."
If you’ve enjoyed this article, click on the link below to sign up for more similar stories in your region.