"The expansion into discretionary fund management was designed to refine the company’s rapidly expanding investment operation and bring on board more expertise ahead of the retail distribution review," FT Adviser quoted the firm’s investment director Rob Pemberton as saying.
Pemberton added that the DFM service is already running and currently has GBP60 million in assets under management.
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In addition to launching the service, HFM Columbus has also opened a new office in London, FT Adviser reported.
HFM Columbus plans to hire up to eight financial advisers in the next one year.
FT Adviser quoted Marcus Carlton, director and chartered financial planner as saying: "The business outlook is steadily improving, and we now want to recruit experienced private client advisers with a transferable book of clients and generating income of at least GBP200,000 a year including fund-based fees."
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