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Close Brothers AM Adds Its Fund Range To Aegon Platform

Close Brothers Asset Management, part of UK-listed banking group Close Brothers, has partnered with Netherlands-headquartered insurance and pension provider Aegon to make its fund range available on Aegon's advisor platform.
Advisors using Aegon’s platform will have access to Close Brothers’ full fund range, including the Close Discretionary Portfolio Fund, Close Brothers said in a statement.
"Extending our availability to where advisors want to access solutions is part of our continued commitment to professional advisor firms. It is a hugely significant move for the full Close funds range to be made available via Aegon’s platform. The portfolio funds in particular can offer intermediaries an outsourced investment solution, essential in today’s market,” said David Muncaster, head of intermediary sales at Close Brothers.
Andy Burns, regional manager at Aegon, said: “We see this as a step forwards in being able to expand out offering for IFAs by offering robust investment solutions and we are certain that this partnership will be of great benefit to our advisors.”
In March, Close Brothers announced that adjusted pre-tax profits, after exceptional items, rose to £77.3 million ($115.18 million) in the six months to the end of January this year, compared with £66.8 million a year before.