Wealth Manager - Essential news for investment professionals

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

James Hambro to conquer RDR world with Calkin Pattinson merger

James Hambro to conquer RDR world with Calkin Pattinson merger

James Hambro & Partners will merge with Calkin Pattinson & Company to conquer the post-retail distribution review (RDR) market.

The independent discretionary and the high net worth financial planner will together have in excess of £1 billion of assets under management, advice and administration.

Founded in 2009, James Hambro & Partners LLP manages discretionary investment portfolios for 102 families, charities and trusts – with around £480 million assets under management and administration.  Established in 1964, Calkin Pattinson advises 2,000 private clients and charities on financial planning issues, and in addition has around £600 million assets under management.

The merged group will combine financial planning and discretionary portfolio management to offer a comprehensive service to its clients. In a joint statement the two firms said that this combined service would be positioned to attract new clients, particularly those dissatisfied with the service offered by the large banks. Moreover, as a result of the merger, James Hambro & Partners said it is well positioned to take advantage of the post-RDR opportunity and the new regulatory regime being introduced by 1 January 2013.

Commenting, James Hambro (pictured), chairman of James Hambro & Partners, said: 'In an increasingly complex financial environment, the ability to offer a broader range of services to clients will be important. The two businesses are like minded and the combination will give us a firm platform for further growth.'

Charles Calkin, chairman and chief executive of Calkin Pattinson, added: 'James Hambro & Partners offers an excellent investment capability coupled with a strong performance record. Further, it has an exceptionally experienced team and investment-led culture. We believe that this experience, performance and shared ethos of two growing companies will offer a highly attractive financial planning and investment proposition.'

On completion of the deal Charles and Paul Calkin will become partners in James Hambro & Partners.

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 Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Play Tesco, Japan and the rise of the central banker

Tesco, Japan and the rise of the central banker

 Libby Ashby and leading wealth managers scrutinise the food retail sector, Japan’s consumption tax hike and political risk in the markets.

Your Business: Cover Star Club

Veteran banker boosts Sanlam’s stockbroking team

Veteran banker boosts Sanlam’s stockbroking team

A veteran private banker has been recruited by Sanlam Private Investments to strengthen its advisory stockbroking team.

Wealth Manager on Twitter