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Gloucester-based wealth manager Blackfinch has launched a new asset management division to expand services and increase support for its network of advisors.

The new division will replace Blackfinch Wealth and house the firm's managed portfolio service, formerly known as the Blackfinch Wealth MPS. Delivered via a partnership programme, the firm launched the service in 2018 and has since partnered with around 35 advisor firms. Jason Williams has been appointed as the new head of distribution to expand the asset management division working with clients and businesses to increase revenue, profitability and efficiency, and to grow the firm’s brand, staff and client base, the group said.

“Advisors can choose what areas they need to focus on in terms of strategic development. This is alongside benefiting from direct access to the portfolio managers and team and selecting from tools and options that can support their work with clients,” it said.