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New initiative from London-based wealth management firm rebuts the trend towards apps and automation
10/07/2018 , Ian Orton

London-based Killik & Co, an independently-owned private client investment management and stockbroking firm, has opened a new “flagship” office in Northcote Road Battersea, its ninth office in the capital and its suburbs.

In addition to providing a range of advisory, discretionary and execution services the new office provides advice on intergenerational wealth transfer to reflect the needs of local residents.

The new office will also have opening hours that tie in with the needs of local people with an emphasis on providing convenience at a time when working arrangements have become increasingly irregular.

All this reflects Killik & Co’s views that a direct face-to-face relationship between a customer and his or her adviser is still of critical importance despite the rise of apps and automation.

The firm points out that a recent FCA study showed that two-thirds of young people would be happy being advised online. When it comes to receiving financial advice even ‘digital natives’ favour a blend of personal and automated services.

The new office attempts to meet this need. 

 “The entire industry knows it has to evolve to stay relevant to the needs of a new type of client,” said Georgie Killik, Killik & Co’s head of innovation, in a statement. ”Where Killik & Co has taken a different approach is to realise that our clients, at varying stages of life, value a more human approach, not less. Given the important financial challenges that all generations stand to face over coming years, personalised, highly-convenient financial planning, saving and investment advice is needed more than ever.”

Established in 1989 Killik & Co. oversaw just over £5 billion of client assets at the end of March 2017, according to its most annual report and accounts and generated annual revenues of £42.1 million.


 

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