Syndicate Asset Management founder John Morton has returned to the industry with the launch of European Wealth Management Group.
As chief executive of AIM-listed Syndicate, Morton bought out IFAs and wealth managers including Ashcourt, Rowan, Savoy, EPIC and Zenith before he left in March 2009.
He has assembled an all-star cast for his latest venture including naming former Aberdeen Asset Management chairman George Robb as chairman.
Former Ashcourt chief executive Rod Gentry has been named as chief executive and the board also includes former Ashcourt chairman Geoffrey Dearing and HR director Susan Roughley.
On the investment team are former Killik & Co partner Richard Stammers, Vestra Wealth Management founding partner Richard Wayne-Wynne and former Fiducia Family Office investment manager Simon Whittley.
Gentry says: “For a private investor it has become very difficult to find an investment manager who will not be tempted to just use a cookie cutter approach to a client portfolio and lump investments in a number of funds that give fairly average performance.
“We have proved there is a better way which not only gives investors a more personal approach but a better investment performance too.”
The group adds it hopes to raise assets of £1bn in three years and £3bn in five years and establish offices across the UK and Europe.