The new joint venture has been branded as Cathesis Wealth Management.
As per the terms of the agreement, Moneygate take responsibility for the compliance and advice given by the existing Stonebridge’s advisers.
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In addition, Moneygate will also oversee advisers’ training and CPD, and developing wealth management services.
However, Stonebridge Group will continue to support its wealth advisers in terms of lead generation, sales support, branding, marketing and business development.
Stonebridge Group managing director Richard Adams said their existing wealth managers will benefit from the systems and controls Moneygate have in place plus they will be developing their own skills and service through Moneygate’s training opportunities.
"Our intention is to grow this offering and we would be interested in speaking to any managers who want this ‘best of both worlds’ proposition," he added.
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