Advisory boutique Vestra Wealth, which caused controversy over alleged poaching of clients and staff from UBS, has hired a former financial consultant to the Rolling Stones and a former adviser to ex-UK Prime Minister Tony Blair to serve on a new advisory board as wealth managers fight for a diminishing pool of assets.

The company has hired Prince Rupert Loewenstein, former financial consultant to the Rolling Stones, and Derek Scott, former adviser to Tony Blair, to serve on a new six-person investment advisory board.