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Close Brothers AM Adds Its Fund Range To Aegon Platform

Stephen Little, 15 April 2013

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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.

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