Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. Registration is free and only takes a minute.

Pilling & Co targets IFAs with AIM portfolios

Pilling & Co targets IFAs with AIM portfolios

Manchester stockbroker Pilling has struck a partnership with a third party distributor that will see its AIM portfolio service distributed to financial advisers.

Pilling has sealed a tie-up with Stellar Asset Management, a tax-efficient product provider. This marks a new direction for the stockbroker, which has traditionally targeted wealthy individuals.

‘Pilling & Co has always concentrated on providing services to private clients but recently we have seen demand from institutional contacts because they have needs that suit our skillset,’ said Alistair Hodgson, an investment manager at Pilling (pictured).

‘In this instance, Stellar Asset Management wanted to find a firm that could handle two particular competencies in-house: efficient ISA administration and experienced AIM portfolio management.

‘It is something we’ve been happily doing for our own clients, so it was something we could bring together very smoothly for them.’

The portfolios levy an annual management charge of 1.25% with no initial fee.

Matthew Steiner, business development director at Stellar, added: ‘It’s Pilling’s expertise that people are buying into.’

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 Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter