Despite continued economic concerns and stockmarket volatility, growth at Marple based S&T Asset Management remains strong forcing the business to search for a new home.
With the change in pension rules which came into force in April 2015, S&T Asset Management are finding that clients are keen to move their pension savings into SIPP accounts to give greater flexibility, the opportunity to build a portfolio suitable to address their individual needs in retirement and a close working relationship with an investment manager. Additionally, with bank interest rates remaining at historically low levels, investors keen to increase returns continue to review their options; for those prepared to accept a greater degree of risk, they have seen continued interest in investment portfolios.
As a result of this continued growth, the business became constrained at its Head Office in Marple and began to search for alternatives. S&T’s Simon Chatterton explains:
“Our links to Marple in Stockport date back over 25 years so we were keen to remain true to our heritage when searching for new premises. We were struggling to find a suitable local alternative until the close of a local Robinson’s pub, “The Pineapple”, creating an exciting opportunity”.
S&T acquired the premises and a huge refurbishment task began to convert the building into a 3,500 sq ft office suite including dedicated client meeting rooms, board room, disabled access and facilities with secure onsite parking for both staff and clients.
“We were really cramped in our old office but the new building brings countless opportunities for us to grow the business further” continued Simon. “As well as the space to accommodate new account executives, we can manage the inflow of additional clients into our new Head Office”.
The group have also expanded the business outside the region with the opening of a new London Office in St James’s Place.
Simon explained, “With London continuing to lead international financial markets, we felt it a natural progression to gain a presence in the capital. Not only will this allow us to service many London based clients, it will also provide a foothold to entice executives to the organisation and meet our ambitions to drive the business forward”.