Investments  

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.