Exeter-based independent financial adviser firm RK Shipman has entered into a strategic outsourcing partnership Brooks Macdonald Asset Management.
RK Shipman, which has a large regional presence in Southwest of England, has chosen Brooks to manage the investment portfolios of their clients on a discretionary basis.
In its most recent results, Brooks Macdonald highlighted its strategy of targeting IFAs who are looking to outsource their investment management has had considerable success, with the company assets under management breaking the £2 billion barrier.
Peter Ellis, managing director of RK Shipman, said: ‘After intensively researching the market, we have entered upon a strategic alliance with Brooks Macdonald who have a proven track record in asset management and feel that this will deliver on our objectives.’
Andrew Shepherd, joint managing director of Brooks Macdonald, added: ‘Additionally, with the ever-increasing pressure in the run up to December 2012 the service provides RK Shipman clients with a robust RDR compliant solution.’
Source:http://citywire.co.uk/new-model-adviser/exeter-ifa-firm-strikes-outsourcing-deal-with-brooks-macdonald/a418707
