UK-based Westminster Wealth Management has formed a joint venture with business mentoring service ActionCOACH to gain access to its more than 1,000 entrepreneurial clients.
Under the deal, Westminster Wealth Management will provide financial advice and wealth management to ActionCOACH and its clients, while the firms will share third party services, including some research and marketing services, reported IFAonline.
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Westminster Wealth is also planning to reach 50 advisers within the next 36 months and to hold £1 billion of assets under management.
Additionally, the firm aims to offer investment advice to its entrepreneurial clients, but will offer other services such as auto-enrolment advice.
Martin Lockyer, managing partner at Westminster Wealth, was quoted by the publication as saying: "We are very pleased to have signed a deal to deliver high quality wealth management and financial advice to ActionCOACH and its clients.
"We have an innovative, multi-faceted marketing programme and, together, we will be launching multiple initiatives that have the potential to more than double activity in both organisations."
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