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Paradigm to launch asset management business

by Jun Merrett on Oct 08, 2012 at 11:22

Paradigm to launch asset management business

IFA group Paradigm is set to launch an asset management business housing its own fund range, offering discretionary fund management (DFM) services, and model portfolios.

The new business will incorporate Paradigm’s existing fund range Prism Capital Management, which houses three multi-asset funds run by Octopus Investments.

Paradigm will tie up with third party fund managers to launch a series single and multi-manager funds across a range of sectors.

The firm is currently looking to recruit an investment team to oversee the third party fund groups’ mandates.

Anthony Morrow (pictured), partner at Paradigm Partners, said he had high hopes for the new business.

‘The new investment business we are launching has the potential to become a significant player in the provision of investment services to UK private investors,’ he said. ‘Over the coming months we will be investing heavily in the business, combining market-leading systems and technology with a top-class team of individuals with the drive and determination to make this proposition the obvious and best home for advisers and their clients.’

4 comments so far. Why not have your say?

j p

Oct 08, 2012 at 12:10

It is hard to see the FSA not clamping down on these "russian doll" fund management solutions

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Steve Young (Sense Network)

Oct 08, 2012 at 12:16

Another one joins the SJP wannabe club. Networks should focus on supporting their members not corralling advisers into direct sales forces for their own funds.

The only true losers will be the clients who pay through the nose for the privilege of paying a skim to Paradigm.

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Richard Green via mobile

Oct 08, 2012 at 12:50

Not sure where Mr Young has got his information - maybe an experience at a former employer however my understanding from the detail I have is that cost to client will be squeezed. Building their own internal investment management means that Octopus etc will be managed and not simpk there because they'll pay for the privilege.

I'm a directly authorised member of Paradigm, dont have to restrict to adopt and it sounds very good and professional. It isn't a restricted model at all.

As usual they are doing something different and that others will criticise and no doubt follow in time.

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Bill via mobile

Oct 08, 2012 at 23:41

@rg

Read the article again and reflect your comments. Same or changed?

Must be restricted model as cant see how this can be best in whole of Market without track record. Happy compliance people

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