Tony Overy is to take up a new role at Rathbones Financial Planning at the end of this year after stepping down as CEO.
Mr Overy will become executive chairman of the group’s advice network Vision IFP where he will replace Paul Sweaton, who is stepping down from the board.
Mr Overy joined Rathbones in October 2021 following its acquisition of Saunderson House where he was chief executive.
Rathbones Financial Planning managing director Stephen Field will replace Mr Overy.
Vision IFP is a Falmouth-headquartered network of 140 self-employed financial advisers focused on high-net-worth private clients and is a wholly owned subsidiary of Rathbones. It has been part of Rathbones Group since 2015, although Rathbones first acquired a 19.9% stake in 2012. The network has client assets under advice of £6.9bn.
On joining Vision, subject to regulatory approval, Mr Overy will work with the management to undertake a strategic review to establish the future direction of the network.
Rathbones Group is a wealth manager specialising in individuals, charities, trustees and professional partners. It offers discretionary investment management, fund management, tax planning, trust and company management, financial advice and banking services.
Rathbones and Investec Wealth completed a £1bn merger in September 2023. The combined business is now operating under the Rathbones name.
At the time of the deal, the merged company said it would enable it to,“enhance the client proposition across banking and wealth management services for both groups.”
Rathbones manages £109bn of assets (as of 30 June 2025), of which £15.8bn is managed by Rathbones Asset Management Limited (as of 30 June 2025).
The firm employs more than 3,500 people across UK locations and the Channel Islands.
