City Asset Management boosts IFA sales power

Inflation-linked benchmark approach finds favour among advisers

City Asset Management has boosted its IFA sales team with the hire of a business development manager.

Mike Sharp (pictured) has joined the firm having spent several years at product and service providers such as AJ Bell and Aviva working with intermediaries and financial advisers.

In a press release, City Asset Management said the hire was to build on “exceptionally high organic growth” of 19% over the past two years in its bespoke discretionary service.

City Asset Management head of business development Railene Waters said the business has continued to grow its appeal to the financial adviser community for its outcome-focused investing approach which uses inflation linked benchmarks.

Waters said: “Our commitment to our service proposition makes us more attractive for advisers and clients who are looking at long-term partners for their wealth management.

“Mike is an exciting hire in terms of the experience that he brings to the business and demonstrates our commitment to growth and our ability to attract exceptional talent that buy in to our vision.”

In March City Asset Management hired a former Legg Mason and Fidelity man as a business development manager as well as the deputy head of Brooks Macdonald’s Tunbridge Wells office as an investment director.

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