º£½ÇÊÓÆµ

Oops.

Our website is temporarily unavailable in your location.

We are working hard to get it back online.

PRIVACY
Enterprise

North East business life: charity, community and award events in the region

Companies to feature in this week's round-up include Northern Spire, Newcastle Gateshead Initiative, CEO Sleepout, Verdant Leisure and Browns Estate Agency

David Cook, founder and CEO of Northern Spire, with some of his team(Image: Northern Spire)

Wearside wealth management company Northern Spire marked its 21st anniversary by signing up its 1,000th client and two more team members.

David Cook, who launched financial advice company Northern Spire in Sunderland, revealed the company now has more than £140m under its management. He started his journey selling coach holidays to travel agents before moving into the financial sector.

Mr Cook, a founder of the Mussel Club networking organisation, said: “I was looking for something else, but I wasn’t sure what I wanted to do. Then on a works night out, we ended up in a bar where the comedian Spike Rawlings was having a drink. I overheard a conversation in which he was saying he’d been earning good money as a financial adviser.

Read more : Sign up to receive regular North East business news emails HERE

"So the next day I somehow I tracked Spike down, explained who I was and that I too wanted to be a financial adviser. He roared with laughter at my cheek, but helped me set up a meeting with Hill Samuel Financial Services. I put on my shiny suit and went to Hill Samuel in Newcastle. They thought I had a cheek too, and said I was too young, I was only 20. However, they liked my confidence so took me on and sent me on a course in Birmingham to become a financial adviser.”

After working with Barclays for 10 years he was headhunted by a wealth management services company before setting up Northern Spire in 2002, which is now a senior partner practice of St James’s Place Wealth Management, averaging 200 new clients a year. He added: “We’ve come a long way in 21 years but we’re still growing at a good rate and we’re ready to scale-up further.”

NGI presented £3,000 to NE Youth, the Newcastle-based development charity(Image: Steve Brock)

Newcastle Gateshead Initiative (NGI) has donated the proceeds of a raffle held at the recent North East England Tourism Awards.

NGI has presented £3,000 to NE Youth, the Newcastle development charity, to help further its work with young people and its efforts to make a positive difference to the lives within the region. The organisation works towards ensuring all young people deserve to get involved in their communities, enjoy their lives, and achieve their potential. More than 40 prizes were up for grabs at this annual event, with donations from the region’s businesses.