Raymond James Investment Services (RJIS) launches a UK asset management business aimed at intermedia...
Raymond James Investment Services (RJIS) launches a UK asset management business aimed at intermediaries on 11 October.
The group is linking to specific intermediary firms to provide them each with a range of asset management services. RJIS in turn contracts out the running of the money to a range of third parties.
Tim O'Connor, head of business development, said there are two main parts; access to a wide range of collective investment vehicles and a comprehensive research service.
At the same time it will launch its multi-manager service, the Raymond James Attica retail share class, which will access Attica Asset Management's institutional Oeic. Retail access to the Oeic is exclusive to advisers linked to RJIS. The minimum investment is £1,000 via this route. It is also launching a Sipp.
RJIS has signed up 14 intermediary groups to use its services and aims to have increased this to 50 by the end of 2003.
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