Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration 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
1 Comment Play Citywire Scotland: how wealth managers use new tech

Citywire Scotland: how wealth managers use new tech

We caught up with a few wealth managers at our annual event in Gleneagles to find out what technological innovations they are employing across their businesses.

1 Comment Play CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’

CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’

Do not miss the first two minutes of this film as Richard Buxton shares how he has been challenged by a client for owning shares in a certain company.

Play CEO Tapes: the huge opportunities for asset managers

CEO Tapes: the huge opportunities for asset managers

From tech disruption, retirement and poaching, the CEO discuss the opportunities for their businesses in this episode.

Read More
Wealth Manager on Twitter