Ashcourt, an investment company formed from the asset management arms of several law firms, is launc...
Ashcourt, an investment company formed from the asset management arms of several law firms, is launching an operation to offer fund management services for private client portfolios of other firms.
The operation, called Lawinvest, will be offered as a separate brand name and service from Ashcourt to private clients of law and other professional firms. It will be launched on 1 May.
Ashcourt was formed in 2000 and has £250m under management. It was initially formed when two law firms, Brachers and Wilsons, separated their investment management activities from their legal services and the two investment arms merged.
Ashcourt subsequently linked up with the investment management arm of another law firm, Blake Lapthorn. The group is expanding further by linking up with the investment management arm of private client law firm Lawrence Graham.
John Morton, chief executive of Ashcourt, said: 'New regulation under the FSA means many professional firms, legal and otherwise, are faced with complicated and expensive compliance issues both now and in the future, which will inevitably impact on the provision of service to clients.'
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