A wealth manager that was part of a group which faced claims over British Steel advice has rebranded from Bartholomew Hawkins Asset Management to Maven Wealth Management Limited.
Bartholomew Hawkins Group was acquired by Independent Wealth Planners UK in August 2019 after the FCA approved the change of control.
The Bartholomew Hawkins Group previously had two subsidiary firms – advice firm Bartholomew Hawkins Limited and wealth manager Bartholomew Hawkins Asset Management.
Bartholomew Hawkins Limited went into liquidation on 23 October 2020.
In December 2017, the advice firm BHL ceased all regulated activities relating to defined benefit pension transfers. The business had previously given advice to members of the British Steel Pension Scheme.
After August 2019, the assets of BHL were transferred to BHAM, under the new ownership of IWP.
Maven clients, who were clients of BHL, transferred to Maven before BHL went into liquidation.
Maven, formerly BHAM, purchased the assets of BHL prior to the acquisition by IWP.
IWP has today announced the name change of its Welsh regional hub BHAM and the appointment of Wes Nixon as its new chief executive, subject to regulatory approval.
Nixon has been part of the IWP group as chief executive of its Cornish hub Kelsall Steele Investment Services since June last year. Prior to this, he was at Legal and General, Sesame Bankhall Group and most recently at Succession Wealth.
Nixon says: “I am fortunate to have inherited a great team in Cardiff and as part of the investment and ongoing support from IWP, we are pleased to announce our name change.
“Maven, meaning trusted expert, exemplifies our approach and the positive impact that our refreshed brand will have on our business. The team at Maven Wealth Management and myself will continue to offer the same high-quality service that our clients have come to expect.”
IWP said the name change reflects the range of services offered by Maven Wealth Management.
Under Nixon, Maven will continue to serve clients from its Cardiff offices and will remain independently authorised and regulated by the FCA.
IWP chief executive David Inglesfield says: “We are delighted by the development of one of our founding firms. Maven Wealth management Limited will continue to offer an incredible service to their clients and continuing their success in asset management.
“Wes has already made a significant impact with IWP and we are delighted to expand his responsibilities to running two of our founding firms.”
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David Bennett 2nd February 2021 at 1:51 pm‘Nixon says: “I am fortunate to have inherited a great team in Cardiff and as part of the investment and ongoing support from IWP, we are pleased to announce our name change’. ‘BHAM clients, who were clients of British Steel adviser Bartholomew Hawkins, transferred all clients to BHAM, under the new ownership of IWP after August 2019 and before Bartholomew Hawkins went into liquidation on 23 October 2020’. Will clients of Maven Wealth Management Limited take this into account.
