View more on these topics

Ex-Thinc’s Chamberlain unveils IFA consolidation vehicle

Former Thinc chief executive Simon Chamberlain has unveiled Succession Advisory Services, a new IFA consolidation vehicle.

Succession will specialise in consolidation and capital creation for IFA firms seeking to future proof their business from the regulatory and competitive challenges while securing guaranteed exit partners for those seeking to exit the market.

It is also designed to enable IFAs to outsource their investment process, allowing them to dedicate more time to servicing their clients.

Succession uses an investment matrix available through its web portal which enables IFAs to choose investment solutions that meet the individual needs of clients.

The firm estimates that outsourcing the entire investment process to the vehicle will give IFAs a 40 per cent increase in their time.

The matrix has been developed using risk and research experts Rayner Spencer Mills to create a range of best of breed solutions based on academic research, emphasising diversification, strategic asset allocation and automatic rebalancing.

Succession plans to engage with 85 UK IFAs over the next six months and is targeting £7bn funds under management.

It will use leading fund houses including TACTICA Fund Management, with portfolios managed by Goldman Sachs International, Seven Investment Management and Frontier Capital Management with a further four contracts expected to be signed imminently.

The matrix is a completely audited investment process with risk profiling that enables IFAs to view funds across a range of investment styles from passive to multi asset active and a suite of ‘lifestyle’ funds.

It will be independently reviewed on a monthly basis by Succession and Rayner Spencer Mills. Its funds are available on all wrap platforms and also through the Succession website.

Chief executive Simon Chamberlain says: “Advisers in the industry want to be able to concentrate on achieving their client’s objectives. By outsourcing the fund management process to professional fund managers it saves them valuable time that they can use to concentrate on building solid relationship with their clients.”



It will never happen to me

Research by Scottish Provident has highlighted once again the need to end the ‘it won’t happen to me’ culture gripping the UK when it comes to their protection needs.


Class clash facing funds

Leading fund managers are investigating how best to tackle the FSA retail distribution review proposals on adviser-charging after warning that plans for multiple share classes would be an administrative nightmare.

FTSE continues to rise

The FTSE 100 opened at 4,556 and moved higher in morning trades as London equities received a boost from trading in the US and Asia.

IHT: What were you doing in 2009?

One of the best sources of new business is your existing clients and, if they are estate planning clients, regular reviews are needed because people’s inheritance tax (IHT) problems tend to only get worse. Now, not a lot of things remain at the same rate as in 2009. If we turn the clock back, it […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm