Harrogate, a town in North Yorkshire once best-known as a spa and, more recently, as one of the UK’s biggest conference centres, is not a name that is automatically associated with wealth management.

The reality is, however, that Harrogate appears to be a very successful incubator of new  firms that provide discretionary asset management services as well as a good host to the offices and branches of established wealth management firms.

Over the past fifteen years two new firms, Cardale Asset Management and Williams Investment Management, have launched within the town while another two Harrogate-based firms, PFP W...