Stephen Williams, until recently head of UK smaller companies research at Williams de Broe, starts work on Monday at the Birmingham office of Brewin Dolphin, where he will manage taxsaving portfolios in AIM companies.
Mr Williams came to Williams de Broe in 1995 when it acquired the Midlands operation of James Capel, formerly Smith Keen Cutler. Earlier he had worked for Pearl Assurance and County NatWest, where he launched and managed the NatWest Smaller Companies Investment Trust.
"We have got a high-calibre guy that knows his way round the small companies area," said John Cadwallader, managing director of Brewin Dolphin in Birmingham.
"This is an important appointment for us. Stephen will manage our bespoke portfolios that invest in AIM stocks to obtain business property relief for inheritance tax. This enables people to put assets outside their estate after two years."
Mr Williams will also subscribe to new issues and share placings on AIM for clients who wish to invest in the Enterprise Investment Scheme, which exempts them from income tax on the initial capital and defers liability to capital gains tax.
Both schemes were developed by Brewin in Birmingham and run previously by Mark Northover, who left with five colleagues earlier this year to set up a Birmingham office for Christows.
"We have three other appointments in the pipeline," Mr Cadwallader said.
Mr Williams commented: "I believe that my experience in investing in smaller companies, together with my fund management skills, will be advantageous in ensuring the on-going investment success that has already been achieved by Brewin's highly tax-efficient services."