A new wealth management boutique has launched with plans to acquire the businesses of retiring IFAs.
Yellow Capital Wealth Management (Yellow Capital), a fee-based wealth management boutique established by Haydn Ellwood and Scott Sander, will focus on investment portfolio management and holistic financial planning for private clients with a net-worth in excess of £1m.
The firm says it will take a more "business" rather than "scientific" approach to investing by using detailed qualitative and quantitative methodology, mitigating many of the risks in modern portfolio planning.
It also has a strong belief in gold, with every client having a small exposure to the metal in their portfolio, unless specifying otherwise.
Additionally, Yellow Capital will offer financial and lifestyle planning and provide specialist services such as tax consultation through a network of partners.
Ellwood says the gap left by the banking community in the private client sector presented a "huge opportunity" to set up a new company.
He also says the firm has a clear expansion strategy in mind.
"In addition to developing the business organically, Yellow Capital will also look to acquire similar businesses with clearly identified private client portfolios including retiring IFAs."
He adds a fundamental belief in the value of gold is central to the firm's investment philosophy.
"This precious metal has remained the principal medium of exchange worldwide for centuries whilst the purchasing power of most currencies has declined over the decades," he says.
Independent Portfolio Management (IPM) director Martyn Ingram is a member of the new firm's investment committee and Yellow Capital will use IPM's services to offer bespoke discretionary investment management services.
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