Financial services management consultancy Simplify Consulting is expanding into new sectors, building on its existing wealth management practice.

The consultancy is launching asset management, technology, and insurance practices, and making appointments to support the business as it expands.

Simplify said it believed there was a growing demand for an independent, practitioner-led consultancy focused on client delivery across the financial services sector.

The new technology practice will provide a range of services across the enterprise, solution, and data architecture sectors across all practice areas, including the effective use of artificial intelligence (AI) and data, and architecture transformation and roadmaps.

Its insurance practice will cover protection and general insurance, which Simplify believed would compliment its capabilities in life and pensions through its wealth management practice.

This will include operational excellence, change and transformation, strategy and risk, and regulation.

In 2026, Simplify will launch its asset management practice to build on its existing wealth management practice, which it said would enable further deployment of its core capabilities.

It has appointed Richard Denning and Kate Webber as non-executive directors, alongside the recent appointments of Louise Greig as chief operating officer and Nick Clarke as director of the wealth management practice.

Denning is currently CEO of the M&G Wealth Platform, and has 25 years of experience in the financial services sector, while Webber is chief solutions & technology officer at the Principle for Responsible Investment and has had a long career in the industry, including at Calastone and BNY, and founding Her Wealth Network.

The firm noted that it would be making further appointments to support the expansion of the new practices in the coming months.

“The financial services industry is undergoing a monumental shift in its operational processes, driven primarily by technological advancements, evolving customer expectations, and increasingly complex regulatory demands,” commented Simplify co-founder and co-director, Carl Woodward.

“Those failing to adapt to these changes will be left behind. However, to adapt successfully requires a great deal of change in business process and practice.

“This is a moment in time for us. We are investing in the growth of the business and want to be the ‘go-to’ independent, practitioner-led consultancy for financial services.

“We are honoured to welcome Richard and Kate as our non-executive directors. With their industry expertise, we believe they can help us growth significantly with strong discipline.”

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