Tier One Capital has renamed its wealth management business Vela Wealth as it looks to grow its client base across the North East.
The firm, based in Seaton Burn, Newcastle upon Tyne, is led by chief executive Ian McElroy, managing director Jess Swindells and head of wealth management Paul Blight. Its team will continue to provide independent financial advice to individuals, families and business owners across the region and beyond.
Ian McElroy said: “We have built our business around personal relationships and a detailed understanding of what matters to our clients. The Vela name gives our advisory team its own clear identity and marks the next chapter of our business growth aspirations in the region.”
The firm advises clients on investments, pensions and retirement planning, as well as how to protect and pass on family wealth. Its advisers work with clients over time, adapting their advice as financial circumstances and priorities change.
Jess Swindells said: “Our ambition is to build on the relationships and expertise that have brought the business to this point and to further grow our client base across the North East. We want clients to feel comfortable asking questions, discussing their priorities and taking the time to plan properly, with access to advisers who know them and understand what they want to achieve.”
Vela Wealth’s sister business, Tier One Capital Fund Management, will continue to operate under the Tier One Capital name and remain the fund manager for London Stock Exchange-listed investment company Develop North PLC.
