Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. 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 Big City Bright Future

Big City Bright Future

Big City Bright Future, the brainchild of BlackRock, is a three-week work experience programme for school leavers looking to forge a career in the City.

Play Kames' Ennett: Trump good for US high yield, but beware Europe

Kames' Ennett: Trump good for US high yield, but beware Europe

Kames Capital’s head of high yield David Ennett believes the changing political landscape will be a positive for the US, but negative for Europe in 2017.

Play Philip Milburn: why inflation won't run out of control

Philip Milburn: why inflation won't run out of control

Kames bond fund manager views inflation as more of 'scare' than a 'problem' and is positioning his portfolios accordingly.

Read More
Your Business: Cover Star Club

Profile: from Batman Live to commodity beta

Profile: from Batman Live to commodity beta

Charteris may be a family affair, but the company is not at any risk of turning sentimental

Wealth Manager on Twitter