Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/new-model-adviser/article/a453275
Ashcourt, Killik and Vestra alumini to launch wealth firm
by Michelle McGagh on Nov 29, 2010 at 08:54
Former Ashcourt Holding’s directors John Morton and Rob Gentry have teamed up with ex-managing chairman of Aberdeen Asset Management George Robb to launch a new firm.
Morton (pictured), who was chief executive of Syndicate Asset Management, and Gentry, formerly chief executive of Ashcourt Asset Management, plan to build funds under management of £1 billion in three years and £3 billion in five years.
Ashcourt Holding was a wholly-owned subsidiary of AIM-listed Syndicate.
The new firm, European Wealth Management Group, plans to open offices in the UK and Europe.
It already has an investment subsidiary, European Investment Management. The investment team includes Richard Stammers, previously a partner at Killik & Co, Vestra Wealth Management founding partner Richard Wayne-Wynne and former investment manager at Fiducia Family Office Simon Whittley.
‘In order to deliver a quality service, and to retain satisfied and loyal clients who are advocates for our brand, we must develop a highly motivated team whose welfare is central to our business, and a strong internal culture characterised by openness and a determination to deliver excellence,’ said Gentry.
‘For a private investor it has become difficult to find an investment manager who will not be tempted to just use a cookie cutter approach to a client portfolio and lump investments in a number of funds that give fairly average performance. We’ve proved there is a better way which not only gives investors a more personal approach but a better investment performance too.’
News sponsored by:
Today's top headlines
Challenged by growing risk aversion?
Challenging financial markets over recent years have resulted in growing risk aversion among British savers and led many to seek safety in cash. Click here for more.
More about this article:
More from us
- Ashcourt Rowan buys Co-op IFA
- Ashcourt Rowan restructures investment service and looks to grow
- Ashcourt Rowan parent Syndicate hit by £3.5m restructuring costs
- Ashcourt Rowan appoints director of financial planning
- Ashcourt Rowan boss plans to grow assets under advice to £14 billion
- Ashcourt Rowan Edinburgh head exits after just five months
by Michelle Abrego on Dec 11, 2013 at 14:51