AHR Private Wealth has launched a new UK based Private Client business. AHR has appointed Steve Ayers, the ex-head of Lloyds Private Banking in Mayfair, as the Managing Director. Ayers will bring over two decades of experience to the business.
The newly launched venture is based in Surrey and will focus on providing holistic, independent advice to high and ultra-high net worth individuals across the UK. It will launch with the recruitment of 20 advisers over the next 12 months. AHR has set its sights on the UK with a view to secure around GBP500 million in assets under management within its first year of operation. It also has ambitious expansion plans and expects its team to grow to 50 advisers, with circa GBP2 billion in assets under management within the first 36 months of launch.
The ambitious growth plans reflect the wider successes of the AHR Group which has embarked on a period of sustained growth.
The business will aim to provide successful IFAs as well as individuals from a banking background with a highly competitive salary and bonus structure, as well as additional value upon their retirement.
Steve Ayers, Managing Director, AHR Private Wealth, says: “Our vision and ambition is clear, we have a determination to enhance the UK advice market and have established AHR Private Clients with an offering more modern in nature and built around the client rather than the corporation. We want to disrupt the sector and provide clients with a superior, more stable experience.”
Tyla Phillips, Executive Director, AHR Group, says: “The launch of AHR Private Clients is the next milestone in AHR’s journey. The business will provide us with a valuable additional foothold in the UK – a market which presents significant potential and growth opportunities. Steve Ayers also brings with him a wealth of expertise and a strong track record in the motivation and development of successful teams. We look forward to seeing the business prosper under his stewardship.”