The Manchester-based firm specialises in SME clients, and its wealth management business will run alongside its tax business for corporate and personal clients.
Sedulo Wealth Management is delivered through a combination of face-to-face meetings, during which a financial plan will be drawn up, and an online platform, the Sedulo Wealth Account, through which solutions will be delivered.
Investors are able to adjust investment goals as and when they need to via the platform.
The wealth management business is headed up by Paul Lindfield who joined the firm in April from RSM Tenon Financial Management.
In a statement before the launch, the firm said: “A large proportion of the financial services sector are choosing to move away from independent advice and across to restricted advice. This reduced the choice and best value in exchange for more lenient regulation.
“Although the economic and the new regulatory environment is challenging, we believe our clients shoud have the best in the market and are committed to independent advice.”
Last month we reported IFA acquirer Bellpenny was to buy up unwanted wealth management arms from accountancy firms looking to sell as a result of RDR.
