Chartered FP and DFM join forces to create Bowmore Wealth Group

As part of the tie-up, The Citimark Partnership, which has more than 450 high-net-worth clients, will be rebranding as Bowmore Financial Planning.

The London and Bristol-based group will have more than 25 staff working across financial planning and asset management, with over £350m assets under advice.

Mark Incledon(pictured), who founded The Citimark Partnership over 30 years ago, is CEO of the group, which will be chaired by Christian Yates, formerly of Lazard Asset Management, Chase Asset Management and Julius Baer.

Incledon said: "Having come out of the financial planning stable, it's always been my ambition to provide quality asset management with Chartered financial planning. After 30 years in business, this significantly increases our offering whilst securing the future of our business."

The CEO said he had never been entirely satisfied with outsourcing investment management, mainly due to inconsistencies in investment performance and service, hence pairing with its own, whole of market, fully authorised discretionary fund manager. 

"At an investment level it is imperative you have access to the whole of the market and have the ability to invest with true conviction. This is ultimately how you outperform, if you are paying for active management that is what you should receive," Incledon added.

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