IFA firm offers discretionary investment services

An IFA firm has secured a strategic alliance allowing it to offer clients a range of discretionary investment services.

Leicestershire-based IFA firm Clarkson Wayman Ball will offer three services provided by specialist investment manager Brooks Macdonald Asset Management.

A bespoke portfolio service, a managed portfolio service and a fund of funds are now available to clients.

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These can be managed within a range of products including Isas, offshore and onshore bonds, self-invested personal pensions, small self-administered pension schemes and individual trusts.

Graham Clarkson, managing director of Clarkson Wayman Ball, said the addition of investment management expertise would further enhance the firm’s proposition.

Andrew Shepherd, joint managing director of Brooks Macdonald Asset Management, said: “We are strong believers in the mutual benefits of strategic alliances and the building of strong and trusting relationships with IFA firms, and are confident that we will enhance the service that Clarkson Wayman Ball offers.”


In October, City brokerage firm Numis Securities downgraded its profit expectations for Brooks Macdonald, after a dissappointing quarter for the firm.

Brooks Macdonald delivered “weaker than expected net flows” into its discretionary funds. According to its reports, its discretionary funds under management grew by 2 per cent to £6.7bn in the third quarter of 2014.