After 20 years of providing financial planning and investment advice (the past eight as CEO of Saunderson House) Fletcher said he decided to “take his vision to the next level” by founding London Wall Partners.
Alongside partner Jeremy Beckwith, Fletcher has employed former KPMG director Mark Johnston as CFO and COO and Ingrid Kirby from Hermes Pension Fund Managers to sit on the investment committee.
Dan Kemp, former partner at Saltus and founding partner of Albemarle Street Partners (ASP) is also on the investment committee in a consulting capacity, which will also see the London Wall Partners benefit from Clive Hale and Sam Liddle’s multi-manager experience as the two other partners of ASP.
The firm has FSA authorisation and is entirely partner-owned. It has no products or funds of its own to sell and will charge on an agreed fixed fee or an hourly rate basis.
Fletcher said: “Our job is to guard clients’ capital by avoiding (i) the ‘black holes’, (ii) the high and unnecessary charges that remain so prevalent in our industry and (iii) investments that offer little upside to their inherent risk.”
At Saunderson House Fletcher had several billion in assets under advice, while at Kleinwort Benson Beckwith built and managed the investment process and had responsibility for client assets of around £5bn.
London Wall Partners said there were a number of prospective clients in the pipeline and it expects more employees to be appointed in the new year.
Beckwith concluded: "The keys to our success will be the decades of experience in both strategic financial planning and global investment advice that we have to offer, together with a model that is solely focused on giving the most appropriate independent advice to our clients."
