Brooks Macdonald Asset Management, the specialist investment manager, is forming a "strategic alliance" with FB Wealth Management – a Humberside IFA firm.
FB Wealth is owned by Forrester Boyd Chartered Accountants, one of Lincolnshire's leading independent accountancy firms which has been trading since 1935.
The alliance enables FB Wealth to offer their clients access to specialist investment managers. BMAM will offer FB Wealth's clients two investment propositions: the Bespoke Portfolio Service and the Managed Portfolio Service.
The Bespoke Portfolio Service is designed for private clients who require an individual investment portfolio constructed and fine tuned to reflect their investment objectives, tax status, attitude to risk and other personal circumstances.
The Managed Portfolio Service provides FB Wealth's clients access to a choice of five actively managed, risk-rated, diversified portfolios which invest in a wide range of investments (unit trusts, Oeics, investment trusts, exchange traded funds, structured products and cash) to ensure a spread of risk across asset classes. The portfolios, to be known as the Meridian Portfolios, will be marketed exclusively to clients of FB Wealth and can be held within a wide range of product structures. These include: Isas, Offshore and Onshore Bonds, Sipps, SSASs and Individual Trusts
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BMAM will manage both of these services for FB Wealth on a discretionary basis with responsibility for the suitability of the portfolio's being retained by FB Wealth. The portfolios will be managed by BMAM's York Office led by Claire Bennison, regional director.
John Varley, managing director, FB Wealth said: "We believe we now have an investment and advice proposition, which truly sets us apart from the competition".
Andrew Shepherd, joint managing director, BMAM said: "FB Wealth has a thorough financial advisory process that feeds into our robust investment process and provides clients with a first rate wealth management solution."
Brooks Macdonald Asset Management (BMAM) is an independent private client investment manager and a subsidiary of Brooks Macdonald Group, an AIM listed wealth management group with offices in London, Hampshire, Manchester, Tunbridge Wells, Edinburgh, Taunton, York, Leamington Spa, Jersey and Guernsey. Group funds under management totalled £5.37bn as at September 2013.