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View the article online at http://citywire.co.uk/wealth-manager/article/a740399

Ashcourt Rowan hires Brewin's Legge to lead outsourcing push

by Dylan Lobo on Mar 13, 2014 at 10:19

Ashcourt Rowan hires Brewin's Legge to lead outsourcing push

Brewin Dolphin intermediary business manager Chris Legge has joined Ashcourt Rowan Asset Management (ARAM).

Legge ends an eight-year spell at Brewin to take up the head of intermediary services post at ARAM where he will lead the firm's push into the outsourcing market.

In his new capacity he will focus on broadening the reach of the firm's managed portfolio service among advisers.

ARAM chief executive Harry Burham said in a statement: 'Our managed portfolio services have a great three year track record in meeting the needs of IFAs’ clients and our bespoke service draws from the same central research capability.

'Having consulted extensively across the IFA industry, we have a clear and simple offering built around a highly competitive price structure. We aim to provide a leading level of service for professional intermediaries looking to work with a firm that understands them, their business needs and the ability to ensure their clients’ risk tolerance is properly understood and accounted for.'  

Prior to joining to Brewin Dolphin, Legge served as intermediary business development manager at Gerrard Investment Management from 2001, until it was acquired by Barclays in 2005.

Before this he held the same role at Williams de Broe, where he was responsible for establishing and building a new private client base for the bank.

'These are exciting times in the IFA market and we belive our proposition will help IFAs in the battle to meet client needs and demonstrate value added. I look forward to reviewing old acquaintances and opening new doors with Ashcourt Rowan,' Legge said.

The appointment follows the recent acquisition of assets from Generali Portfolio Management, along with a team of seven employees led by Alan Arscott and David Barber, lifiting Ashcourt's discretionary assets under management to £2.1 billion.  

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How is regulation feeding the outsourcing trend?

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