London-based brokerage Coreco has launched a new wealth management arm.
Coreco Wealth operates as a trading style of Bright Cube Money, meaning BCM used to stand alone but now trades under the Coreco brand.
While Coreco is an appointed representative of Mortgage Advice Bureau for mortgages and protection, Bright Cube is an AR of Sesame, and therefore it is classed as a restricted adviser.
The new firm has one adviser, Ed Sayers, who has 10 years’ experience, but it is looking to recruit another later this year.
Coreco director Rob Gill says the firm wants to attract “a wide range of clients”, as it does with mortgages, but expects London professionals to make up most of its client base.
Gill says: “We are delighted to be launching Coreco Wealth, our new brand offering designed to offer full financial planning, pension and investment services to our clients.
“One of the key lessons learned by the mortgage broking industry during the last few years is the need to diversify, both to maximise opportunity and offer the very best service to clients. This has been key to Coreco’s strategy from the outset, something we’ve worked hard to get right and make sure everything we do provides the same exceptional service our clients experience when arranging a mortgage. Coreco Wealth is important part of this approach.”