Private client manager James Hambro & Partners is to merge with rival Calkin Pattinson to create a combined group with £1bn in assets under management, advice and administration.
The James Hambro Group will provide discretionary portfolio management and financial planning services under one roof, and will target new clients dissatisfied with the service offered by large banks. The merger combines the £480m in assets managed by James Hambro & Partners for 102 families, charities and trusts with the £600m in AUM managed by Calkin Pattinson. The latter firm, founded in 1964, also advises 2,000 private clients and charities on financial planning groups. Chairman and CEO Charles Calkin and managing director Paul Calkin, will become partners in James Hambro & Partne...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes