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LGT Wealth Management Bolsters Intermediary Investment Services Team

Editorial Staff

10 August 2022

, which has realigned its investment proposition for financial advisors in response to assets under management growth in managed portfolio services (MPS), has appointed Phoebe Stone as head of sustainable investing, .

Stone will oversee the newly-structured Intermediary Investment Services team, bringing her insight of the intermediary market, coupled with her expertise in sustainable investing, the firm said in a statement this week.

LGT said it has seen significant growth in the MPS market since launching its proposition to advisors in 2009. It has seen year-on-year growth (Q1 2021 to Q1 2022), with £1.7 billion ($2.1 billion) of new assets added to its MPS proposition, taking the MPS AUM to £7.3 billion as at the end of Q2 2022. The firm’s total AUM was £21.3 billion as at the end of July 2022.

LGT aims to continue this growth trajectory and to position itself accordingly. The MPS and Sustainable MPS investment teams have been realigned to form the Intermediary Investment Services team, focused on managing all advisory specific propositions, the firm added.

Tony Allan, head of business development said: “Our private ownership and financial strength have been key factors for advisors choosing to partner with us. Furthermore, as a firm we have an entrepreneurial approach where we look for opportunities to innovate. This saw us launch our Sustainable MPS in 2018, one of the first of its kind and also a key contributor to our inflow of assets.”

Stone added: “Since inception, our aim has been to provide a high quality, risk-rated investment proposition with a focus on the needs of financial advisors. Our realigned Intermediary Investment Services team will allow us to continue to develop our proposition for financial advisors and to deliver a leading service in the industry.”

LGT Wealth Management, a UK wealth manager, has offices in London, Bristol, Edinburgh, and Jersey which form part of Liechtenstein-headquartered LGT, a private banking and asset management group, controlled by the Liechtenstein Princely family. The firm manages assets of SFr285.8 billion ($313.7 billion) for private individuals and institutional clients.