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Origen will look after the day-to-day financial affairs and financial strategy of its discretionary clients, but will outsource the investment management to Brooks Macdonald Asset Management.

The alliance means that both firms are able to focus on their specific areas of specialisation.

Origen managing director Stephen Greenstreet said: "We have made a strategic decision to outsource our discretionary fund management arm to Brooks Macdonald, in order to concentrate on our core strengths of providing the best possible advice-led financial strategies to our clients."

Under the agreement, Origen will be able to offer its clients three levels of investment management.

It will offer an advisory portfolio service which will be provided by Origen consultants using the Cofunds platform for collectives.

It will also offer a managed portfolio service under which Origen clients with assets of between £10,000 and £300,000 who require discretionary management can choose from five risk rated portfolios. It will be managed by Brooks Macdonald, with the administration being undertaken by Cofunds.

The final level of investment management will be through Origen's bespoke portfolio service aimed at Origen clients with investable assets of £250,000 and above.

The service is managed and administered by Brooks Macdonald and a dedicated investment manager will work with the client to create an individual portfolio aligned to the client’s personal investment objectives.

Brooks Macdonald managing director Chris Macdonald added: "As well as being positive in the short term we are enthused by the medium and long term prospects for growing funds under management in partnership with Origen."