Nottingham-based wealth manager Fiscal Engineers has announced two major additions to its team as it heads into 2020 on the back of another highly successful year.
The company, which now looks after more than half a billion pounds’ worth of assets, has recruited former Treasury economic adviser John Clarke as its new Chief Investment Officer.
Mr Clarke, who was Norwich Union Investment Management’s Chief Economist and also ran a leading economics consultancy, will head the firm’s Investment and Risk Committee (IRC).
Neil Wright, whose 30-year career in wealth management has included spells as an Executive Director at UBS and a Director at PwC, has also joined as a member of the IRC.
Founder and Chairman Shane Mullins said: “We draw on combined experience, collective wisdom and a diversity of expertise to provide our clients with an ideal money-life balance.
“Having people of John and Neil’s calibre on the team will make our investment models even more solid and future-proof as the world becomes more uncertain and changeable.”
Mr Clarke said: “I’m not here to shake things up or to reinvent the wheel, because nothing needs fixing. I’m here to underpin the existing process and rationale.
“Fiscal Engineers’ proposition is based on a conviction that equities outperform over the long term and that patient investors who ride out volatility will be duly rewarded.
“This is an investment philosophy on which we’re very happy to hang our hats. Our job is to understand where we are in the economic cycle and how that should impact our financial planning.”
Mr Wright added: “We take the view that trying to predict the markets is a game with few winners. We aim to deliver solid, reliable returns by using an evidence-based approach.”
Established in 2000, Fiscal Engineers has earned over 20 industry awards for wealth management, financial planning, financial advice and innovation during the past decade alone.
The firm, which also has offices in London and Birmingham, specialises in helping clients negotiate periods of financial transition, such as a business sale or retirement.