The latest moves and appointments in wealth management in the UK, the rest of Europe, the Middle East and other select locations.

P1 Investment Services
Kieran Follis, former head of investment management at Tees Wealth in Bishop’s Stortford, UK, has teamed up with P1 Investment Services to launch boutique firm Magellan Research & Investment.

MRI offers a range of actively managed, risk-adjusted model portfolios designed for financial advisors and their clients.

Magellan model portfolios will be available on several advisory platforms as well as on the P1 Platform. They are backed by a seven-year performance track record with the same investment team at the helm. PI said it would also be offering a a more individual, bespoke discretionary managed portfolio investment service.

MRI will operate under the P1 umbrella, using the firm's regulatory, administrative and tech support framework, as well as its digital-only investment platform. Other businesses under the P1 structure include Elston Portfolio Management, Corrival Capital Management, Pangea Impact Investments, and Five Horizons.

With 35 years of international and domestic investment market experience behind him, Follis has been a divisional director with Gerrard / Barclays Wealth and was most recently at Tees Wealth.