Brooks Macdonald Asset Management has joined forces with FB Wealth Management to offer it access to its Bespoke Portfolio and the Managed Portfolio services.
FB Wealth Management is one of the largest providers of independent financial advice in the Humber and Lincolnshire region. It is owned by Forrester Boyd chartered accountants.
The Bespoke Portfolio service is designed for private clients who require an individual investment portfolio constructed to reflect their investment objectives, tax status, attitude to risk and other personal circumstances.
The Managed Portfolio service provides FB Wealth's clients access to a choice of five actively managed, risk-rated, diversified portfolios which invest in a wide range of investments - unit trusts, OEICs, investment trusts, exchange traded funds, structured products and cash - to ensure a spread of risk across the full range of asset classes.
The portfolios, to be known as the ‘Meridian portfolio's, will be marketed exclusively to clients of FB Wealth - both existing and new - and can be held within a wide range of product structures.
These include ISAs, offshore and onshore bonds, self-invested personal pensions, small self-administered pension schemes and individual trusts.
Brooks Macdonald will manage both of these services for FB Wealth on a discretionary basis with responsibility for the suitability of the portfolio's being retained by FB Wealth.
FB Wealth managing director John Varley said: "We wanted to offer our clients the best of both worlds; a superior investment service combined with fully independent financial planning advice.
"Forming a strategic alliance with Brooks Macdonald has most definitely helped to facilitate this aim and represents a significant part of our growth strategy. We believe we now have an investment and advice proposition, which truly sets us apart from the competition".
Caring for children and elderly relatives
Similar to June 2007
Square Mile’s series of informal interviews
Fine reduced to £60,000
Two roles created