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Torquil Clark
Torquil Clark comprises of a group of companies, covering every aspect of financial planning and our team of specialists is always available to help our...
Torquil Clark
Torquil Clark comprises of a group of companies, covering every aspect of financial planning and our team of specialists is always available to help our clients review and update their financial plans through their lifetime.
General information
Firm type
Bank / Wealth / Trust
Year founded
1989
AUM
Undisclosed
Location
Region
Europe
Country
United Kingdom
City
Wolverhampton
Corporate office
Wolverhampton, United Kingdom
Frequently asked questions
What was Torquil Clark's primary business?
Torquil Clark operated as an independent financial adviser providing pension, investment, mortgage, and protection advice to retail and corporate clients. It was one of the larger regional IFA practices in the West Midlands before being acquired.
Who owns Torquil Clark now?
The Torquil Clark client book and assets were sold to Standard Life in 2019. Prior to that, the firm had been a subsidiary of Skipton Building Society since 2007.
Is Torquil Clark still an active independent financial advisory firm?
No. Following the sale to Standard Life in 2019, the Torquil Clark brand was discontinued and its client relationships were migrated onto the Standard Life platform.
How did the Retail Distribution Review affect Torquil Clark?
The UK's Retail Distribution Review, which banned provider commissions on investment products, reshaped the economics of the IFA sector. Torquil Clark had already been acquired by Skipton Building Society in 2007, which provided capital and a product distribution channel that partially insulated it from the immediate post-RDR revenue disruption before its eventual sale to Standard Life.
What type of clients did Torquil Clark serve?
The firm served a mix of mass-affluent individuals, high-net-worth clients, and corporate clients via employee benefits and workplace pension advisory services, primarily within the UK Midlands region.
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