Societe Generale Private Banking (SGPB) Hambros has launched a new platform for intermediaries offering investment and private banking support for high net worth clients.
The Wealth Partnership Service will be made available to a limited number of wealth managers, family offices and financial planners.
It is the first time SGPB Hambros has worked with intermediaries and the firm claims the new solution, targeting assets of over £1m, will meet the needs of RDR for "transparency" and "openness".
SGPB Hambros has been trialling the service with one prominent intermediary and is expecting to roll it out to a select group of between 10 and 15 firms within the next three years.
Stefano Del Federico, head of UK financial intermediaries at SGPB Hambros, says: "We think there is a gap at the top of the market and we think we are well placed to service those clients.
"There are clients that have adviser relationships who will also be probably looking for a private banking proposition."
SGPB Hambros worked with Scorpio Partnership on market research ahead of rolling out the platform to intermediaries and has confirmed it will not seek to cross-sell directly to any clients.
Backed by Odyssey technology, the platform had previously only been available to SGPB Hambros clients.
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