Nottingham-based wealth manager Fiscal Engineers has announced two major additions to its team and they are both big names in the industry.
John Clarke and Neil Wright join the company, which now looks after more than half a billion pounds’ worth of assets.
Former Treasury economic adviser John joins the team as chief investment officer.
He said: "I’m not here to shake things up or to reinvent the wheel, because nothing needs fixing. I’m here to underpin the existing process and rationale.
"Fiscal Engineers’ proposition is based on a conviction that equities outperform over the long term and that patient investors who ride out volatility will be duly rewarded.
"This is an investment philosophy on which we’re very happy to hang our hats. Our job is to understand where we are in the economic cycle and how that should impact our financial planning."
Mr Clarke, who was Norwich Union Investment Management’s chief economist and also ran a leading economics consultancy, will head the firm’s Investment and Risk Committee (IRC).
Also joining the firm as a member of the IRC, is Neil Wright, whose 30-year career in wealth management has included spells as an executive director at UBS and a director at PwC.
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Mr Wright said: "We take the view that trying to predict the markets is a game with few winners. We aim to deliver solid, reliable returns by using an evidence-based approach."
The firm, which was established in 2000 and has offices in The Ropewalk in Nottingham as well as in London and Birmingham, specialises in helping clients negotiate periods of financial transition, such as a business sale or retirement.
Shane Mullins, founder and chairman, said: "We draw on combined experience, collective wisdom and a diversity of expertise to provide our clients with an ideal money-life balance.
“Having people of John and Neil’s calibre on the team will make our investment models even more solid and future-proof as the world becomes more uncertain and changeable.”