Professional Wealth Managementt

By PWM Editor

Arbuthnot to offer external funds
Arbuthnot Latham, the London private client boutique, is to adopt open architecture. Chief executive John Reed has revealed plans to transform the current offer of general banking and direct equity investment into a service encompassing a wide range of external fund management firms. The bank is hot on the heels of rival C Hoare, which late last year announced plans to launch its first multi-manager fund, providing clients with access to the skills of Northern Trust, Russell and SEI.
Mr Reed hopes the move will boost current assets under management of Ł600m (e880m) to around Ł1bn within three years. He also plans to recruit three relationship managers, each of whom he expects will add an extra Ł100m of client assets.

 

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