Manchester-based accountancy firm, Sedulo, has launched a wealth management arm offering financial advice, bucking the recent trend of accountancy firms exiting the advice market following the implementation of RDR.

The firm specialises in SME clients, and its wealth management business will run alongside its tax business for corporate and personal clients.

The wealth management arm is run by Paul Lindfield who joined the firm in April 2013, from RSM Tenon Financial Management.

This arm is delivered through a combination of face-to-face meetings where a financial plan will be created, and an online platform, the Sedulo Wealth Account, through which solutions will be delivered.

Sedulo Wealth Management director, Paul Lindfield, said, "There has been a trend of businesses coming out of the independent advice market to ultimately suit their business model. This effectively leads to people having less choice. We believe that every client is unique and that a one sized solution does not fit all. This is the fundamental reason behind launching a business that goes against the current industry tide.

"Although the economic and the new regulatory environment is challenging, we believe our clients should have the best in the market and are committed to independent advice."

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