Philbin's Wellian partners with IFA FiveWays for bespoke MM range

Portfolios will invest in a number of collectives

Alice Rigby
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Wellian Investment Solutions, Harwood Capital's multi-manager discretionary fund management business, has formed a strategic partnership with IFA FiveWays Financial Planning.

The group will build a range of bespoke portfolios for FiveWays clients, investing in a range of collective investments. One set of the portfolios is already available on the Nucleus wrap. Management of the portfolios will be led by Wellian CIO Richard Philbin (pictured)and investment director Chris Mayo. Harwood acquired Wellian in May in a bid to build its multi-manager focus, with  Philbin becoming CIO. It has around £230m of assets under administration. Meanwhile, FiveWays was formed in 2012 and currently has £140m in assets under advice, much of which is on the Standard Life a...

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