Investment consultant and model portfolio provider Albemarle Street Partners has merged with Atlantic House Fund Management, the investment management arm of Catley Lakeman Securities.
Albemarle, which is now part-owned by Atlantic House, said the merger would allow it to benefit from greater investment research and portfolio management expertise. The two firms will continue to operate under their separate brands.
Established in 2012, Albemarle provides advice and investment management consultancy to financial advisers. For its part, Atlantic House is a specialist in defined return investments and manages more than £900m.
"Our merger with Atlantic House allows our clients to benefit from the enhanced investment expertise of a very experienced team of investment professionals," said Albemarle Street Partners CEO Matthew Butcher (pictured).
"The two businesses have powerful complementary skill sets, which we will deploy to the benefit of our clients through our investment research, model portfolios and discretionary model portfolio service."
Atlantic House Fund Management CEO Russell Catley added: "We are pleased to have teamed up with Albemarle to augment its investment offering.
"Its range of model portfolios has delivered an impressive track record for its adviser clients. Synergies between the businesses will allow us to develop stronger links with the adviser market and complement our strong history of providing an excellent service to an institutional client base."
Brooks Macdonald has bought Edinburgh-based wealth and asset manager Cornelian Asset Managers for a fee of up to £39m.
Combined five decades’ experience