Murphy Wealth, the Glasgow-based wealth advisors, has announced plans to move to larger office accommodation at Sutherland House on the city’s St Vincent Street, in a move which builds on its ambitious growth plans.
The wealth advisory firm is taking 3,000 sq. ft. on the top floor of the building, which will be developed into a collaborative, flexible and open-plan workspace for the firm and its clients.
Following a successful year, Murphy Wealth has increased its headcount by five to fifteen employees in total, with the new, larger office space giving the firm room to double its headcount in the year ahead.
The move to Sutherland House marks the second relocation for the company in the past five years, after a move from its Ayrshire home in 2013, in a bid to access the larger talent and client pool.
Founded in 1977 by chairman Brian Murphy, the business is now run by son Adrian, who recently announced several significant changes to the business, including moving from a percentage charge to a fixed fee pricing structure for clients, and the launch of an app and graduate programme in partnership with Glasgow Caledonian University’s investment and risk department.
Adrian Murphy, Managing Director of Murphy Wealth, said: “Our office move represents another key milestone on Murphy Wealth’s expansion path, and a positive step for our staff and clients, who will now enjoy a more collaborative, engaging and creative working environment.
“Our business is in a really exciting growth phase. We now have more room to develop our experienced team and work even more effectively with our clients in a way that suits them.
“Since moving into the city centre five years ago, our business has gone through a lot of changes, but we now have the perfect base to focus on our ambitions and drive further growth for the firm and our clients.”
The art deco Sutherland House, which recently underwent a £1.6 million revamp, has attracted a range of occupiers, with Murphy Wealth joining healthcare giant, Bupa, commercial property firms CBRE and GVA, and data and business solutions company, itelligence.
Murphy Wealth’s move was brokered by commercial property agents, Knight Frank.
Alex Mackay at Knight Frank in Glasgow, said: “Sutherland House is a popular building amongst occupiers due to its prime city centre location and impressive renovation offering modern and flexible workspaces. The building has concluded three deals in just eight months, further demonstrating its favourability and appeal to a range of high-profile Glasgow-based businesses.
“As well as a collaborative working environment for Murphy Wealth, the firm will have access to Sutherland House’s roof terrace, offering space for its employees, clients and visitors to enjoy.”