Independent wealth advisory firm Artorius has announced two senior appointments. In a new role for the firm, Ian Marsh, the current Chief Executive Officer, will step up to become Executive Chairman of the Management Board, and Paddy Lewis will join as the new CEO.
Marsh has served as Artorius CEO since 2016, following senior roles at Fleming Asset Management and Credit Suisse. Lewis is a Partner at consulting firm Sionic and former Managing Director & UK Head of Investment Platforms and Solutions for UBS Wealth Management. Both appointments take effect from 1 February 2021.
Established in 2015, Artorius is headquartered in Manchester and advises clients across the UK from its offices in Manchester, London and Zurich. The firm provides long-term unconflicted wealth planning and investment advice for financial services professionals, UK business owners and entrepreneurs, private equity professionals and individuals inheriting wealth, including through divorce. Artorius manages over GBP1.2 billion of family assets and is independently owned by management, employees, and a small group of high net worth individual shareholders. Assets have grown by £200 million (circa 20%) in just six months since April 2020 and the group has an ambitious growth strategy in place.
Marsh says: “Effective wealth management is about long-term planning, based on personal, expert understanding of what matters to clients and their families. Yet all too often clients face a complex investment landscape with professional advisors weighed down by outdated practices and bound to their own solutions. Artorius is different. We have no products for sale and offering exceptional client experience is at the heart of everything we do. Our results show it works. Our ambition is to become the leading independent advisor to those in need of high-quality planning and investment advice and the natural career choice for talented advisors looking to thrive in a working environment that responds quickly to client needs. As Executive Chairman, my focus will be on strategy, shareholder engagement and providing the stability required to underpin a fast growth trajectory, and I warmly welcome Paddy’s appointment as my successor CEO. Paddy understands the wealth management business inside out. He has considerable experience of providing wise counsel, a strong personal ethos and a values-based approach strongly aligned with our culture. I am really excited about what we can achieve together.”
Lewis says: “This is a pivotal moment for individual, family and business finances, as well as global economies. In a relatively traditional sector, Artorius is a stand-out example of how to establish transparency, trusted client relationships and real business momentum. I am hugely impressed by what the firm has achieved in just five years, creating so many more opportunities for the future. The team has real dynamism, and an impressive flair for serving a diverse spectrum of clients and locations. Having worked in the North of England for half my career, as well as at the heart of the City of London, I admire that and indeed see it as a key strength of this firm. I am absolutely delighted to be joining Ian and his colleagues to lead the next part of our journey and feel very privileged to be joining such a great team, at such an important time.”