M and A

Brooks Macdonald Enters Alliance With Mount Sterling Wealth

Devina Shah London 17 March 2011


Brooks Macdonald Asset Management, the UK-based discretionary manager, has completed the legal formalities for a strategic alliance with Mount Sterling Wealth, allowing the former to provide discretionary management services to the latter’s clients.

MSW will offer its clients access to a managed portfolio service comprising of four risk-rated portfolios, as well as a bespoke portfolio service.

A statement from Brooks Macdonald said that the strategic alliance would enable MSW to outsource its investment management activities and allow advisors to focus on providing client service without the worry of the investment decisions.

“These are very exciting times for our business as more IFAs and wealth managers realise the need to outsource investment management to specialist firms such as ours,” said joint managing director of BMAM, Nick Holmes.

BMAM is an independent private client investment manager with offices in London, Hampshire, Manchester, Tunbridge Wells and Edinburgh. It currently has £2.689 billion of funds under management.

Mount Sterling Wealth has offices in Mayfair and North Yorkshire and focuses on the provision of personal, professional financial advice and offshore tax planning solutions to wealthy individuals, their families, trustees and business owners in the UK and abroad.

Register for WealthBriefing today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes