CFM(UK) will utilise Pacific Asset Management’s (PAM) multi-asset investment expertise, regulatory permissions and technology to enhance its overall adviser proposition.
Based in Somerset, it has over £250m in assets under advice and the majority of its circa 1,000 clients are in the south of England.
The CFM team will continue to lead the day-to-day running of the business and remain integral to growth plans going forward, a spokesperson for PAM confirmed to Portfolio Adviser sister publication International Adviser.
The alpha in advice
Matthew Lamb, chief executive of PAM, said: “We are delighted that Chartered Financial Management has decided to partner with Pacific. ‘Alpha’ is often associated with the asset management industry; but, in many ways the most tangible ‘alpha’ lies in the advice.
“CFM(UK) are proven providers of high quality financial advice and planning services.”
Lamb continued: “It is often said that ‘mutual fund returns far exceed the returns mutual fund investors get’.
“We believe the reason for this is the communication gap between the people giving the advice and the people running the money. This partnership between Pacific Asset Management and Chartered Financial Management will help to reduce this gap, which over time should lead to significantly improved outcomes for clients.”
PAM has developed an ‘in-sourced’ investment proposition, which directly addresses many of the inefficiencies faced by advisers, the asset manager said.
The solutions are built around technology and tailored to each firm, designed to ensure advisers retain control, adding maximum value for both their clients and their businesses.
Capabilities and expertise
Russell Butts and Jon Marshfield, directors at CFM(UK), added: “As the financial services industry evolves, we sought to identify a partner who shares our client-first ethos and our strong culture and values, and who can provide our business with additional resources and bolster our investment capabilities with world-class asset management expertise.”
