PIMFA delighted to welcome Paul Stockton and Stuart Dodson to its Board of Directors

Monday 9 January 2023

PIMFA delighted to welcome Paul Stockton and Stuart Dodson to its Board of Directors

PIMFA, the trade association for wealth management, investment services and the personal investment and financial advice industry, is delighted to welcome Rathbones Group Plc’s group chief executive officer, Paul Stockton and The Openwork Partnership’s, managing director, Stuart Dodson to its Board of Directors.

Paul has more than 30 years’ experience of financial services having qualified as an accountant with PriceWaterhouse in 1992. In 1999 he joined Old Mutual as group financial controller, becoming director of finance in 2001 and finance director of Gerrard Limited eight months later.

Two years after the sale of Gerrard in 2005, he left to work initially for Euroclear and then as a divisional finance director of the Phoenix Group. Paul joined Rathbone Brothers in 2008 as group finance director, a role he remained in until 2018 when he then became managing director of Rathbone Investment Management. He was appointed chief executive of Rathbone Brothers in May 2019. He was also formerly a non-executive director of the Financial Services Compensation Scheme (FSCS).

Stuart is a sales and distribution professional with 24 years’ experience working in the financial advice sector across directly authorised, introduced and appointed representative business models. He started his career as a financial adviser at Britannia Building Society and Legal & General before moving into senior management roles where he was responsible for key national distribution relationships.

For the eight years prior to joining Openwork in February 2022, he was managing director of Newcastle Financial Advisers Ltd, one of The Openwork Partnership’s largest Partner advice businesses. Additionally, during 2020 and 2021, Stuart also chaired the Openwork LLP Shareholder Council, which represents the shareholder interests of LLP member-owners, and was a director of Openwork Holdings Ltd.

Liz Field, chief executive of PIMFA, commented: “I’m delighted to welcome both Paul and Stuart to our Board of Directors. I know they will bring a wealth of industry experience to the Board and their counsel will prove invaluable at a time when we are continuing to advocate for reforms that we know will be of benefit not only to our members, but also to the customers they serve.

“PIMFA continues to make the case for reform of the FSCS levy; to combat fraud through our advocacy on the Online Safety Bill and for a simplified advice model designed to widen the availability of financial advice to more people and I look forward to working with Stuart and Paul on these and many other issues.”

Paul Stockton, group chief executive officer of Rathbones Group Plc, commented: “PIMFA continues to punch above its weight and is going from strength to strength, winning the argument on simplified advice, the FSCS levy, the Online Safety Bill, better supervision of firms, diversity and inclusion in the industry and much more besides. I look forward to working with the PIMFA Board and Liz to continue to push for those things that help member firms, but just as importantly, their clients.”

Stuart Dodson, managing director of The Openwork Partnership, commented: “I’m delighted to join the PIMFA Board as it continues to advocate for change within the regulatory sphere and bring financial advice to more people in the UK. We are, in the end, a people industry. We help people navigate some of the biggest financial decisions of their lives. As such we’re motivated by making people’s lives better. PIMFA is at the heart of trying to ensure that its member firms are able to do just that and through its advocacy continues to make the case for the advice industry to the Government and Regulator. I look forward to working with Liz and her team to bring about these important innovations.”

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NOTES TO EDITORS

About PIMFA – the Personal Investment Management & Financial Advice Association

• PIMFA is the trade association for firms that provide wealth management, investment services and the investment and financial advice to everyone from individuals and families to charities, pension funds, trusts and companies.
• The sector currently looks after £1.65 trillion in private savings and investments and employs over 63,000 people.
• PIMFA represents both full and associate member firms. Full members provide a range of financial solutions including financial advice, portfolio management, as well as investment and execution services. They assist everyone from individuals and families to charities and pension funds, all the way to trusts and companies.  Associate members provide professional services to the PIMFA community.
• PIMFA leads the debate on policy and regulatory recommendations to ensure that the UK remains a global centre of excellence in the wealth management, investment advice and financial planning arena. Our mission is to create an optimal operating environment so that its member firms can focus on delivering the best service to clients, providing responsible stewardship for their long-term savings and investments.
• PIMFA was created in 2017 as the outcome of a merger between the Association of Professional Financial Advisers (APFA) and the Wealth Management Association (WMA) with a history as a trade association since 1991 – read more.
• Further information can be found at pimfa.co.uk

Contact

For further information on this release or other press matters please contact:

Matthew West, PIMFA PR Manager – MatthewW@pimfa.co.uk, +44 (0)20 7382 0376 / +44 (0) 7843 903258

Sheena Gillett, PIMFA Communications & PR Director – sheenag@pimfa.co.uk, +44 (0)20 7011 9869 / +44 (0)7979 493225