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.’