International investment banking group Fairfax I.S. has launched a private client division to offer a discretionary portfolio management service to high net worth families and trusts.
While the service has been launched to manage the portfolios of numerous existing clients, it will be rolled out from September through other wealth managers, solicitors and accountants.
FIML's independent private client team will create tailor-made, multi-asset portfolios to suit individuals' objectives and risk appetites.
Private portfolio mangers Frances Halford and Adrian Mill have already been recruited for the new division with more managers to come as the service develops.
"Recent events have shown that when it comes to looking after the interests of private investors, big is not beautiful," says Frances Halford, chief investment officer at FIML.
Halford says specialist firms have the flexibility and autonomy required to offer the tailored advice high net worth investors need in the fields of retirement, selling a business or family trusts.
‘Most significant’ upgrade since launch
Changes happening over coming months
Had accepted British Steel business
Aimed at HNW clients and family groups
Set for 1 April 2019