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Dawn of wealth service at Aurora

South-east IFA Aurora Financial Group is teaming up with private-client wealth manager Gerrard to offer a portfolio management service.

The 40-RI group, formed from Jackson Batten IFA and Advisory & Planning Services in July 2002, is aiming at clients with a minimum of £125,000 to invest.

Aurora aims to have 100 clients using the service and £50m in funds under management within 12 months.

The service will offer an analysis of the client&#39s aims and attitude to investment risk and a financial model for their portfolio.

Investments will be made through Gerrard&#39s nominee account. Aurora&#39s investment team will provide research and recommendations on the commercial property and cash parts of the portfolio. The equity and fixed-interest content will be outsourced to Gerrard.

Aurora joint chief executive Robert Rackliffe says: “What a lot of people benefit from is not just the initial advice and suitability tests, they want something a lot more hands on and this is our response to that need. Basically, we took the decision that we wanted it run on a discretionary basis. This is where someone like Gerrard, with its resources, is a great match for us.”


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