FB Wealth Management forms partnership with Brooks Macdonald Asset Management
FINANCIAL advisers FB Wealth Management has formed a partnership with Brooks Macdonald Asset Management (BMAM).
FB Wealth – one of the largest providers of independent financial advice in the Humber and Lincolnshire region – is owned by accountancy Forrester Boyd Chartered Accountants and the firm said the alliance enables FB Wealth to offer its clients access to one of the UK’s leading specialist investment managers.
BMAM will offer FB Wealth’s clients two investment propositions: the Bespoke Portfolio Service and the Managed Portfolio Service. It will manage both of these services for FB Wealth on a discretionary basis with responsibility for the suitability of the portfolio’s being retained by FB Wealth.
The portfolios will be managed by BMAM’s York office led by regional director, Claire Bennison.
John Varley, managing director of FB Wealth, said: “We wanted to offer our clients the best of both worlds; a superior investment service combined with fully independent financial planning advice.
“Forming a strategic alliance with Brooks Macdonald has most definitely helped to facilitate this aim and represents a significant part of our growth strategy. We believe we now have an investment and advice proposition, which truly sets us apart from the competition.”
Andrew Shepherd, joint managing director at BMAM, said: “The investment management services that we are providing are designed to cover a wide range of investment objectives and risk profiles.
“FB Wealth has a thorough financial advisory process that feeds into our robust investment process and provides clients with a first rate wealth management solution. We very much look forward to working with John and his advisers to meet the needs of their clients.”
BMAM is an independent private client investment manager and a subsidiary of Brooks Macdonald Group which is an AIM listed integrated wealth management group. Group funds under management totalled £5.37bn at September 30 2013.
