July 17, 2018
Pacific Asset Management enters into strategic partnership with successful UK financial advice business based in the South West of England.
Pacific Asset Management (PAM), the asset management arm of Sir John Beckwith’s Pacific Investments Group, has entered into a strategic partnership with Chartered Financial Management (UK) Ltd (CFM(UK)).
CFM(UK) was established in 1998 and is based in Somerset. CFM(UK) has assets under advice of over £250m, and the majority of its c.1000 clients are located in the South of England.
Matthew Lamb, CEO of Pacific Asset Management 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.”
Russell Butts and Jon Marshfield, Directors at CFM(UK) commented,
“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.”
PAM has developed an ‘in-sourced’ investment proposition, which directly addresses many of the inefficiencies faced by Advisers. 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.
Matthew 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.”