UK Private Client Broker Restructures, Lays out Strategy

Contributing Editor

10 May 2005

Killik & Co, a London-based private client stockbroker firm, plans to consolidate its back office operations outside of the capital and focus on providing more financial advisory services. “The back office move to Ipswich is designed to centre all of the company’s administrative workforce in one centre and to achieve efficiencies through the relocation,” Phil Brown, director of marketing at Killik, told WealthBriefing. Killik has also hired an additional stockbroker to cater for the local market in Ipswich, which the firm sees as a strong growing market. Mr Brown went on to say the Killik is attempting to grow the business through adding more financial planning services for clients. “As well as recruiting and training stockbrokers, we are moving the business more towards providing financial planning in a broader sense.” The firm now provides advice on tax, pensions and mortgages as well as investment.