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.

London & Capital in tie-up with £100m Warwickshire-based planner

London & Capital in tie-up with £100m Warwickshire-based planner

London & Capital has signed a partnership agreement with Warwickshire-based financial planning firm MPA Financial Management to provide a range of outsourced discretionary funds for its clients.

The arrangement will see London & Capital provide a risk-rated suite of funds for MPA clients with assets in excess of £75,000.

MPA recently segmented its client base into three pools- ‘MPA Lite’, ‘MPA Wealth’ and ‘MPS Discretionary’ with London & Capital to service the latter.

Phil McGovern, managing director of MPA, said the group has grown its asset base from £40 million at the start of 2010 to over £100 million, but decided to outsource its investment management ahead of the retail distribution review.

‘In preparing for the RDR, we have reviewed our business model, and as part of our strategy to expand our client proposition, we have looked to separate our advice and investment offering,’ he said.

‘We looked to identify an ideal partner, capable of offering a range of risk-rated model portfolios, on both the active and passive side, firms we feel we can trust to manage our clients’ investment assets as they would their own. 

‘We share a similar culture to London & Capital, and have been impressed by the firm’s research process and investment approach.  London & Capital’s ten growth portfolios match our own risk rating matrix, and the three income portfolios look quite exciting, so they will present an excellent core option for many of our clients, in particular those with assets in excess of £75,000.’

Richard Leigh, founder and divisional leader of London & Capital’s Adviser Solutions business unit, said: ‘We are well placed to deliver MPA’s business objectives, as we have other IFA firms who are re-engineering their businesses to become RDR compliant, and we look forward to building a long and mutually rewarding association, to the benefit of all MPA Financial Management clients.’

London & Capital added another two business development managers to cover the North and Southwest regions earlier this month.

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 WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Play Japan's slump, the umbrella revolution and the battle for Brazil

Japan's slump, the umbrella revolution and the battle for Brazil

With the arrows of Abenomics appearing to be missing their targets and political uncertainty rife in Hong Kong and Brazil we take a look at investor sentiment in this week's Investment Pulse

Your Business: Cover Star Club

Profile: The adviser that tempted Robin Minter-Kemp on board

Profile: The adviser that tempted Robin Minter-Kemp on board

It is rare to meet an impassioned individual who is willing to bang the drum for investment advisory right now

Wealth Manager on Twitter