Brooks Macdonald Asset Management has announced a strategic alliance with Berkshire-based IFA Petrus Financial Services Limited.
The alliance enables Petrus to offer their clients access to two investment propositions: the Bespoke Portfolio Service and the Managed Portfolio Service.
The BPS is designed for private clients who require an individual investment portfolio, which is “fine tuned” to reflect their investment objectives, tax status, attitude to risk and other personal circumstances.
The MPS provides Petrus’ clients with access to a choice of five actively-managed, risk-rated, diversified portfolios which invest in investments including unit trusts, Oeics, investment trusts, exchange traded funds, structured products and cash to spread risk across the full range of asset classes.
Both portfolio services can be held within a wide range of product structures.
BMAM will manage both of these services for Petrus on a discretionary basis, with responsibility for the suitability of the portfolio being retained by Petrus.
The BPS portfolios will be managed by BMAM’s Hampshire office led by John Wallace, regional director, and the MPS portfolios will managed by BMAM’s MPS team based in London.
Philip Dendy, Petrus’s managing director, 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 BMAM 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.
“Petrus have a thorough financial advisory process that feeds into our robust investment process and provides clients with a first rate wealth management solution.”
