Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Credo to offer new partner model for wealth managers

Credo to offer new partner model for wealth managers

Credo is launching a outsourced platform proposition for wealth managers that will provide a suite of back office functions.

The new 'Partner' model will provide trading capabilities, custody and reporting services along with access to its range of model portfolios, which the firm launched last July.

Aimed at wealth managers wishing to launch their own legal entity, Credo said they benefit from the firm's FCA authorisation with its compliance team taking full responsibility for monitoring the activities of the entity.

'We have seen a growing demand from individuals who want to start running their wealth management business but don't want to have to run a regulated firm,' Charles van der Merwe, managing director of the firm's wealth outsourcing solutions division told Wealth Manager.

'It is tough to start of a partnership business because the regulation is so complex and vast, but we will effectively be providing that regulatory umbrella. We have the expertise and the technology to monitor those clients efficiently.'

The model's platform fees will range between 15 basis points (bps) and 25bps, on top of which Credo will take a percentage of the financial intermediary’s gross revenue to compensate for the compliance risk, Van der Merwe (pictured) said.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Hendersons' Kerley: investing in Marmite-like China

Hendersons' Kerley: investing in Marmite-like China

Citywire A-rated manager sees higher quality growth originating from China's current reforms.

Play Oil slump opportunities, Japanese recession & a UK bank conundrum

Oil slump opportunities, Japanese recession & a UK bank conundrum

Investment Pulse this week looks at further challenges for the British banking sector, Japan's return to recession and the continuing weakness of brent crude.

Play JPMAM's Georgina Brittain: the best opportunities in mid caps

JPMAM's Georgina Brittain: the best opportunities in mid caps

Brittain discusses where she sees opportunities in mid caps despite rising valuations.

Your Business: Cover Star Club

Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

Wealth Manager on Twitter