Brooks Macdonald Asset Management (BMAM) has entered into a strategic partnership with Prosperity Independent Financial Advisers and Stockbrokers to offer investment and custody services for Prosperity clients.
Under the alliance, BMAM will offer clients of Prosperity with two investment propositions including the Bespoke Portfolio Service and the Managed Portfolio Service in addition to comprehensive nominee, dealing and custody service.
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Additionally, BMAM will manage both of these services for Prosperity on a discretionary basis with responsibility for the suitability of the portfolio’s being retained by Prosperity.
The portfolios will be run by BMAM’s Hampshire office, which will be headed by John Wallace, regional director.
The Bespoke Portfolio Service is developed for private clients those who are looking for an individual investment portfolio to reflect their investment objectives, tax status, attitude to risk and other personal circumstances.
The managed service will offer clients access to a range of five actively managed, risk-rated, diversified portfolios which invest in unit trusts, OEICs, investment trusts, exchange traded funds, structured products and cash to spread risk.
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By GlobalDataMark Newman managing director Prosperity said: "Forming a strategic alliance with Brooks Macdonald has helped us develop a bespoke investment management proposition that will offer an enhanced investor and adviser experience and provides us with a more robust compliance model for the post-RDR world."
Andrew Shepherd joint managing director BSAM said: "The investment management services that we are providing are designed to cover Prosperity clients’ wide range of investment objectives and risk profiles. They have a thorough financial advisory process that feeds into our solid investment process and provides clients with a first rate wealth management solution.
"The investment management services that we are providing are designed to cover Prosperity clients’ wide range of investment objectives and risk profiles," Shepherd added.
