Wealth manager attains due diligence kitemark

Wealth management firm Berry Asset Management has received the approved due diligence kitemark from Asset Risk Consultants.

Arc awards its kitemark to firms with a focus on transparency and engagement.

Jamie MacLeod, chief executive of Berry AM, said: “The wealth management industry has become overcrowded, which makes the task of identifying the right investment manager much harder than it should be.

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“We took the decision to subscribe our investment data to Arc in 2012, in the spirit of transparency, so this is a logical step forward in our efforts to make the intermediary’s task easier.”

Berry has also recently signed up for Arc’s Suggestus service, a web-based service which provides private client professionals with research on discretionary investment managers.

Research from Arc published earlier this month (4 October), discretionary managers generally underperformed retail multi-asset funds in the third quarter of 2013.