Quilter Cheviot Profile: What is Quilter Cheviot?

Quilter Cheviot is a UK-based investment management firm that offers bespoke portfolio management services to private clients, charities, companies, and institutions.

Operating through a network of offices in London and regional locations, Quilter Cheviot is a member of the London Stock Exchange and is authorized and regulated by the Financial Conduct Authority (FCA No. 124259).

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This page will cover what is Quilter Cheviot, history, service offerings, main executives, and contact details.

What is Quilter Cheviot?

Who owns Quilter Cheviot?

As a wholly owned subsidiary of Quilter plc, a FTSE 250 wealth management company, Quilter Cheviot aligns with its parent company’s strategy focused on growing with clients and advisers, enhancing operational efficiency, increasing digitalization, and being a responsible wealth manager.

When was Quilter Cheviot founded?

The company traces its roots back to 1771, when William Morris and Sons was formed as a partnership of 150 stockbrokers operating out of Jonathan’s Coffee House.

Over the years, the firm has evolved and adapted to industry changes, maintaining a commitment to personalized service, wealth preservation, and a robust investment process.

In 2001, Quilter launched its first Managed Portfolio Service (MPS), and in 2006, Cheviot Asset Management entered the market, eventually merging with Quilter in 2013.

The firm was acquired by Old Mutual Wealth in 2015, which rebranded as Quilter in 2018 and listed on the London and Johannesburg Stock Exchanges. That same year, Quilter Cheviot Europe was established and authorized.

Recent developments include the launch of the Quilter Cheviot Global Income and Growth Fund for Charities in 2020, the Positive Change Strategy focusing on ESG and sustainable investments in 2021, and a growth-focused version of the Climate Assets Balanced Fund in 2022.

In its financial performance for the year ended 31 December 2023, the Quilter group reported a 25% increase in adjusted profit to £167 million and a five percentage point improvement in the operating margin to 27%.

What does Quilter Cheviot do?

The firm’s services include discretionary and managed portfolio management, catering to a diverse clientele seeking tailored investment options.

Financial Planning

Their financial planning service provides personalized advice to help clients navigate complex financial decisions and achieve their goals.

Investment Management

Quilter Cheviot’s investment management solutions are designed to optimize wealth growth. They offer services for clients seeking to generate income or achieve capital appreciation, with investment strategies tailored to support various financial needs, such as funding education or purchasing property.

Quilter Leadership

Steven Levin – Quilter plc Chief Executive Officer
Appointed CEO in November 2022, Steven Levin has extensive experience in asset management, investments, and distribution. Having joined Quilter in 1998, he became a member of the Executive Committee in 2011 and played a significant role in strategic initiatives, including implementing Quilter’s investment platform. Steven is also a member of the Investment Association Advisory Council.
Ruth Markland – Quilter plc Chair
Ruth Markland has served as Chair of Quilter’s Board since May 2022. Appointed to the Board in June 2018, she brings a wealth of experience from previous senior roles, including Managing Partner of Freshfields Bruckhaus Deringer’s Asia business and board positions at Standard Chartered plc and The Sage Group plc.
Andy McGlone – CEO, Quilter Cheviot and Quilter Cheviot Financial Planning
Andy McGlone, appointed Chief Executive Officer of Quilter Cheviot in January 2019 and Quilter Cheviot Financial Planning in January 2022, has been with the company since 1994. Starting as a Trainee Investment Manager, he worked his way up through various roles, including Managing Director. He is a Fellow of the Chartered Institute for Securities and Investments and serves on the board of PIMFA, the industry trade association.

Quilter Cheviot Office Locations and Contact Information

Aside from the head office, Quilter Cheviot also has offices across the UK, as well as Jersey, Dublin and Dubai.

Registered office

Address: Senator House, 85 Queen Victoria Street, London EC4V 4AB, UK

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