Brooks Macdonald Partners With Solutions Provider

Robbie Lawther

2 November 2017

Investment manager , which has over £11 billion ($14.6 billion) in funds under management for clients in the UK and around the world, has partnered with , a wholly-owned subsidiary of the Generali Group, that offers life-insurance-based wealth management and employee benefit solutions.

The partnership will give international investors using Generali Worldwide’s professional portfolio access to Brooks Macdonald’s discretionary fund management (DFM) services, the firm said in a statement.

Minimum investment amounts for a full DFM service through Brooks Macdonald’s international managed portfolio strategies start from £50,000, with bespoke and alternative strategies available for portfolios of £500,000 or above.

“We are pleased to partner with Generali Worldwide to provide our discretionary investment solutions in a segregated account format held in our custody," said Jonathan Mynes, head of advisor solutions, international at Brooks Macdonald. "This is another important step as we enhance our service proposition for advisers and expand the availability of our adviser offering internationally.Research shows that a large proportion of advisers’ time is spent on administration and drafting investment reports so our service will offer a quick and efficient way for advisors to complete this work through an accessible platform, giving them more time to spend with existing and potential clients.”

“Financial markets these days are very fast-moving: share prices, exchange rates and commodities can all fluctuate dramatically on the smallest piece of news," said Nick Griffin, chief commercial officer, Generali Worldwide. "Keeping up with events which can have an effect on investment portfolios is becoming ever more difficult and time-consuming. Our clients have expressed a desire to have a mechanism that facilitates a simpler, smarter and faster approach to managing these complexities and we believe that this extension to our already successful Professional Portfolio product with Brooks Macdonald goes a long way to fulfilling this request.”