London-based IFA Westminster Wealth Management has embarked on a joint venture with business mentoring service ActionCOACH, gaining access to the company's 1,000 plus entrepreneurial clients.
The IFA will provide financial advice and wealth management to ActionCOACH and its clients while the firms will share third party services, including some research and marketing services. Westminster Wealth has plans to reach 50 advisers within the next 36 months and to hold £1bn of assets under management. It currently advises on just short of £500m. The firm, itself a client of ActionCOACH, expects it will deliver mainly investment advice to the company's entrepreneurial clients, but will offer other services such as auto-enrolment advice. The firms plan to assign new IFAs to new...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
