Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/new-model-adviser/article/a624295
Paradigm to launch asset management business
by Jun Merrett on Oct 08, 2012 at 11:22
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.’
News sponsored by:
Today's top headlines
iShares: Time to shatter the ETF myths
As result of industry changes - the retail distribution review - and a growing focus on cost-efficient solutions, we anticipate the number of investors using ETFs will rise significantly over the coming years.
But as with any newer product, especially in the financial world, various misconceptions about ETFs have perpetuated over the years and iShares is committed to addressing and ultimately dispelling these.
More about this article:
More from us
- Paradigm tests the water for restricted advice service
- Paradigm chooses Vanguard funds as platform default option
- Paradigm appoints ex-Standard man as strategy partner
- Paradigm looks to expand Prism after reaching profitability
- Paradigm becomes Nucleus shareholder after extending white-label deal