Wealth manager Heartwood has launched its investment management arm as a separate division as it looks to enter the "new and larger league" of investment managers.
Heartwood says the decision to spin-off its Investment Management division as a separate division is an acknowledgement of its key role in driving the firm's rapid growth - an expansion which has seen total assets under administration grow from just over £800m in 2007 to more than £1.3bn. "As our increased scale propels Heartwood into a new and larger league of wealth and investment management providers, we look forward to building a stronger identity for our investment management division that is commensurate with our size," says chief executive officer Simon Lough. Heartwood has gai...
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