Wealth manager Charles Stanley has today (24 November) announced its appointment as an investment partner for AJ Bell Investcentre self-invested personal pensions.
Going forward, those clients that Charles Stanley manages funds for within an AJ Bell Sipp will be moved onto the recommended investment partner panel within the Investcentre platform.
At present, the panel is made up of 21 discretionary fund managers, giving advisers a range of partners to choose from.
The firms said the move will bring significant cost savings for clients, who will now benefit from the lower AJ Bell on-panel charges.
Mark Pittaccio, head of intermediary distribution at Charles Stanley, said: “We are always looking for ways to enhance client propositions and this partnership is beneficial for Charles Stanley, intermediaries and clients who use AJ Bell Sipps.
“Over the next year we will continue to develop our products, services and tools and the channels through which they are available.”
Christopher Aldous, head of distribution at Charles Stanley, said: “We see partnerships such as this as hugely beneficial to the future success of our business. Being an investment partner with AJ Bell is good news for both Charles Stanley and our clients.”
Daren O’Brien, director at Aurora Financial Solutions, said: “This appears to be a win-win situation for both our clients and ourselves. The reduced costs to our clients are obviously welcome at anytime, especially now when markets are volatile.
“While the platform links to a wider selection of DFM’s has major benefits for us helping us offer and choose between this wider range.”
ruth.gillbe@ft.com
