Bringing you live news and features since 2006 

Murphy Wealth on expansion path

RELATED TOPICS​

Glasgow-based wealth advisers, Murphy Wealth has announced that it aims to double in size in the next year.

The advisory firm, which was founded in 1977 by current chairman Brian Murphy, and now run by son Adrian (pictured), has had another busy year, it says, increasing headcount by five, taking the firm to fifteen employees in total.
 
The company is about to sign the lease on a much larger office space in Glasgow city centre, which will be developed into a collaborative space for the firm and its clients. Room enough for up to 30 employees that will accommodate the growing business.
 
Murphy Wealth is launching a graduate programme with Glasgow Caledonian University in collaboration with its investment and risk department, with the aim of attracting new talent into the advisory sector.
 
The business’s growth and expansion come after the company made several important changes over the last 12 months. It has made significant investment in its client offering and customer service to place a continued focus on supporting entrepreneurs and the owners of growing businesses.
 
In what the firm describes as a first for a wealth advisory firm in Scotland, the company launched its Simply Wealth app, designed to help individuals take greater control over their assets. It also made changes to its fee structure, opting to switch from a percentage charge – a commonly-used pricing structure in the investment industry – to a more transparent fixed fee model, in a move relatively unusual for a business of its kind, the firm says.
 
Adrian Murphy, Managing Director of Murphy Wealth, says: “Murphy Wealth has achieved a lot in the last 12 months, and the business has gone from strength to strength as we continue to build and develop our presence in Glasgow. 
 
“Much like the forward-thinking, enthusiastic people we advise and work with, we have great ambitions of our own for the company’s future and strive to do things differently from other organisations of our kind. Our drive has been underlined by the recent investments we’ve made into the business, illustrated by the launch of our app and change in pricing structure, both of which have had an extremely positive impact on the company’s growth.
 
“We want to keep things as simple and straightforward as possible for our clients and are moving away from what’s considered normal practice in our industry. While we’ve noticed a lot of consolidation between companies in our marketplace, it’s not something Murphy Wealth is looking to replicate. We’re a dynamic firm, committed not only to advising, but growing and collaborating alongside our clients at whatever stage they’re at in their business’s lifecycle.
 
“Over the next few months, we look forward to making more exciting changes, from an office move as we anticipate further increases in employee numbers, to launching some new initiatives in the very near future which are different for our business.
 
“We are confident our recent progress, combined with our ambitious goals and dedication to our clients, will continue to drive Murphy Wealth forward and enable us to achieve our growth aspirations.”

Latest News

BlackRock’s global ETP flows report for June finds a steady rise with USD128.1 billion added to global ETPs in June,..
Morningstar’s global ETF flows report for the first half of 2024 shows that actively managed ETFs have captured 25 per..
The surge in bitcoin ETF launches and funds flowing into the sector is transforming institutional investment in digital assets but..
LSEG Lipper’s latest research finds that the majority of actively managed funds and ETFs globally were not able to beat..

Related Articles

Chris Lo, Columbia Threadneedle
In a recent insight on India by Columbia Threadneedle Investments, the firm reports that the country’s economic reforms, which aim...
With an election on the horizon in the United States a group of ETFs is poised to capture investments on...
Robot worker
Qraft Technologies, based in South Korea, specialises in the use of AI in security selection and portfolio construction....
Andrea Busi, Directa SIM
Romain Thomas talks to Andrea Busi (pictured), CEO of Directa SIM, who explains why the online trading platform has just...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by