Former Honister Capital strategy director Alan Easter has founded a financial planning and fund management businesses.
The Beaufort Group, founded in January by chief executive Easter and executive chairman Simon Goldthorpe, comprises two firms: Beaufort Financial Planning (BFP) and Beaufort Investment Management Ltd (BIM).
BFP is financial planning business based on a partnership structure and BIM will sponsor and co-ordinate the provision of fund management services for those clients.
Two more group companies, Beaufort Direct and Beaufort Corporate Clients, launch in the next 12 months.
Non-executive directors include Aim Two Three founder David Ingram (formerly of Threesixty), the Chartered Insurance Institutes' qualification, examination and assessment committee chair Dr Peter Williams and Steven Watson, formerly of Gartmore and Liontrust.
Promising to deliver "fair" advice with "transparently charged" services, the group said it will be fully RDR-ready and able to meet regulatory requirements without the "distractions" of issues surrounding legacy business.
From the outset, advisers will have to be Level 4 qualified as a minimum with a commitment to becoming at least a Certified Financial Planner (CFP) within a three year period and/or a Chartered Financial Planner within five years.
Its charging model will see all costs to clients broken down into advice, paraplanning, execution, servicing and investment management components.
"It is important to differentiate financial planning to investment management and have clarity with the customer so that they can understand exactly for what they are being charged," said managing partner Andrew Bennett.
The group's structure will mirror that of the accountancy and legal professions, with each unit having a principal partner responsible for all activities.
Easter (pictured) left the Honister Capital network in June last year following a management reshuffle.
£300bn of liabilities
View from the front row
Transfer from occupational scheme
Appointed by FCA and PSR boards