September 4th 2017

With some important news about impending changes to our business and how these will affect clients, Kevin Crowford provides the background and introduces you to our new financial services partners.

Our two Financial Advisers in the company, Jim Petrie & Mike Ellis, would now like to start preparing for their eventual retirement which means that we must make provision for the continuity of our business and the service we provide to our clients. We are delighted to announce that, with effect from the 1st September 2017, all clients of JRW Financial Services Ltd will be transferred to the care of Port Brae Wealth Management Ltd. We have not taken this decision lightly and, after researching the options available to us, have chosen them to look after our valued clients in the future.

Port Brae Wealth Management has a strong local presence, with offices in Peebles and Berwick-upon-Tweed, and covers a wide area, including the Scottish Borders, North Northumberland and Edinburgh. We have chosen to transfer our clients to Port Brae Wealth Management because we feel that we can trust their experienced team to work with us to ensure a smooth transition for our clients and provide a high level of client service in the future.

Port Brae Wealth Management employs four financial advisers, including the company directors, Mike McGovern and Mark McGonigle, in addition to their support staff. Mark and Mike have a wealth of experience in offering financial advice on a full range of financial planning issues – including investment, retirement, protection and Inheritance Tax planning needs. Both began their financial careers with the Bank of Scotland Group, before establishing Port Brae Wealth Management Ltd in 2008. They provide clients with access to a comprehensive range of wealth management services and advice, and strive to provide an extremely high standard of personal service.

We are also delighted to advise that JRW Financial Services trainee financial adviser, Rory Graham, and administrator, Hayley Thomson, will continue their employment with Port Brae Wealth Management.

Port Brae Wealth Management Ltd is a Senior Partner Practice of the St. James’s Place Partnership, the sole advisory channel of St. James’s Place Wealth Management, which is one of the UK’s leading wealth management organisations. We strongly believe that the St. James’s Place service, combined with their excellent range of exclusive products, will provide the best solution for our clients over the long term. By maintaining a relationship with Port Brae Wealth Management, you will continue to receive a personalised face-to-face advisory service, whilst having access to a distinct investment management approach and the backing and re-assurance of investing with an award-winning FTSE 100 company. In addition, you will benefit from the St. James’s Place Guarantee,* which provides additional peace of mind that your best interests are being looked after.

Mike and Jim will continue to support Port Brae Wealth Management over the coming months to ensure a smooth transition for our clients, providing clients with the high level of service that they have come to expect.

Since their formation in April 2009, JRW Financial Services have enjoyed a very close working relationship with JRW Chartered Accountants for the benefit of their clients. Being able to call on the experience and expertise of the Chartered Accountants can be invaluable for the financial adviser and the clients in the financial planning process. Port Brae Wealth Management and JRW Chartered Accountants have committed to continue with this extremely valuable working relationship.

JRW Financial Services Ltd has been able to meet with their clients in the JRW Chartered Accountants offices in Langholm, Hawick, Galashiels, Peebles and Edinburgh. This arrangement will continue with Port Brae Wealth Management, who also have their own meeting facilities in their offices in Peebles and Berwick.

Please note, for existing business, Port Brae Wealth Management will honour all existing terms and conditions currently in place and will provide the same level of service in place at this time.

The ongoing administration and servicing of any investments held with providers other than St. James’s Place will be carried out by Policy Services, an independent financial adviser based in Linlithgow, Scotland. This is standard practice in these circumstances and ensures that there is no interruption to your existing investments. Port Brae Wealth Management Ltd will remain your principal financial adviser. We can confirm that there is no financial cost to you as a result of these changes and Port Brae Wealth Management will be able to access information on these plans to enable us to assist with any enquiries. (Further information regarding the administration services and whole of market advice offered by Policy Services, in relation to these investment plans, can be found online )

We would like to take this opportunity to thank all our clients for their valued custom over the years and remind clients that both Mike Ellis and Jim Petrie will still be closely involved with Port Brae Wealth Management Ltd for the foreseeable future. If anyone has any questions at all about these changes, please do not hesitate to contact us on 01450 372267.

*St. James’s Place guarantees the suitability of the advice given by members of the St. James’s Place Partnership when recommending any of the wealth management products and services available from the companies within the group.

JRW Chartered accountants in Edinburgh, Galashiels, Hawick, Langholm and Peebles.