UK financial advisor Origen has entered into a strategic alliance with discretionary management specialist Brooks Macdonald Asset Management to manage Origen's discretionary fund management business, which holds £65 million ($126 million) of assets. Origen will continue to look after the day-to-day financial affairs and financial strategy of its discretionary clients, but will outsource the investment management to Brooks Macdonald. Under the new arrangement Origen will offer clients three levels of investment management: the Advisory Portfolio Service will continue to be provided by Origen consultants and will use the Cofunds platform for collectives; the Managed Portfolio Service - clients with assets of between £10,000 and £300,000 who require discretionary management will be able to choose from five risk-rated portfolios managed by Brooks Macdonald, with the administration being undertaken by Cofunds; and a Bespoke Portfolio Service for clients with investable assets of £250,000 and above, both managed and administered by Brooks Macdonald, with local investment manager support across the UK. A dedicated investment manager will work with the client to create an individual portfolio, aligned to the client's personal investment objectives. Origen managing director Stephen Greenstreet said: "We believe that entering into this alliance is in the long term best interests of our customers, by not only enhancing our private client proposition but also looking to the heart of treating customers fairly." Origen is owned by AEGON UK, part of Dutch-headquartered AEGON , one of the world's largest listed insurers with assets of approximately €359 billion ($556 billion).