L-R: Matthew Singleton and Mark Parello
Richard Bell

Financial services company Raymond James set for Manchester launch

Financial services firm Raymond James due to expand its North West footprint this week with a new office in Manchester.

With founding members Matthew Singleton and Mark Parello at the helm, the company’s new King Street base will provide financial planning and discretionary investment management services for both businesses and individuals, in addition to acting for pension funds, charities and clients in the sports, media and entertainment sectors.

Founded in the US in the early 1960s, Raymond James first moved into the UK in 2001. Today, the company has £350bn in assets under management and boasts a £5.9bn market cap.

Mark commented: “We are incredibly excited about the launch of Raymond James King Street.

“Our diverse experience in the industry has enabled us to be innovators, allowing us to think differently and in turn see a better and more efficient way of providing wealth management advice.”

Speaking further, Mark said: “The ultimate aim is to have 1,000 financial planners distributing our service across the UK.

“I believe that by starting in Manchester we already have a fantastic head start thanks to the city’s supportive network and entrepreneurial spirit.”

Mark and Matthew met while working for wealth management firm WH Ireland. The other founding members of Raymond James King Street are Clive Garston, who is the deputy chairman of the Chartered Institute for Securities and Investment’s corporate finance forum, and investor Samuel Wright, owner of body shop and hire company Star Bodies.

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