Wealth management firm expands into new Stockton base

Financial advisory firm Prismatic Wealth Limited has expanded into a new office in Stockton.

The company, now based at Preston Farm Business Park, employs a team of 18 and has over £180m of funds under management.

After taking on two new staff earlier this year and cementing plans to recruit more in the coming months, Prismatic made the decision to move into a larger, better equipped office.

Welcoming the expansion, Tees Valley Mayor Ben Houchen commented: “As a region we’re renowned for our expertise in heavy industry, chemicals and engineering but we have so much more to offer.

“To see professional services firms in the Tees Valley expand shows how much potential there is in our region.”

Mr Houchen joined Prismatic Wealth Limited’s managing director, Graham Laverick, for a ribbon-cutting ceremony at the new premises.

He continued: “It was great to meet the firm and to join the staff for the opening of their new offices and, like all growing businesses in the area, I will do everything I can to help them flourish.

“I wish them a long and happy life at their new home and can’t wait to hear about their next success.”

Graham Laverick commented“: “I was delighted to get the support of the Mayor for the launch of our new office. We have been working in Tees Valley since 1987 and we had no plans to go anywhere else, knowing that we could find what we needed in a new location right here.

“This year has seen us grow and grow, and we have exciting plans for the year ahead. We’re always looking for new opportunities and we believe our new premises will only further enhance our client offering.”

The header image shows Mayor Ben Houchen (centre right) with Prismatic’s (L-R) Simon Daykin, Gillian Mackenzie, Graham Laverick, Vicky Harrison and Juan Marin.