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Davy Group - Wikipedia

In , he joined Davy to help initiate an expansion drive that established Davy Private Clients as the top wealth manager on both sides of the Irish border within a decade. People were more aware of the Brewin Dolphins and the Investecs, so at first it was a bigger struggle than we realised [it would be].

Once Felle had overseen the dominance of the Republic, he redirected his attention north of the border. However, adversity reared its head again, this time in the form of the global financial meltdown.

Even so, the firm battled through the recession. But in , Davy concluded it would struggle to squeeze any more organic growth out of the recovering yet still fragile economy and decided on a change of strategy. In addition to its branches in Dublin, Belfast, Cork and Galway, the Davy group also has a capital markets foothold in London, just around the corner from Liverpool Street station. Over the next six to 18 months, they will be joined by several more, who we will be sourcing locally.

The focus will be on London for at least the next couple of years, but then once the business is on a firm footing over here, it will look at other parts of the UK, he says. London is where we want to establish an infrastructure, build the brand and initially grow the assets. If that works — and we are confident it will — then we will begin to look further afield.

However, considering our stockbroking heritage, there is also some direct equity and asset holding. Clients can choose from six portfolios — aggressive growth, long-term growth, moderate growth, preservation, income and cautious growth — with a second income-based model in the pipeline.

It will probably be later in the year. Davy is also having to adapt to the trend of more and more firms integrating technology into their service. Felle agrees it is necessary to enter the digital age, saying: It is very simplistic, but key to our approach.

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