Bringing you live news and features since 2006 

Pacific Asset Management and Fidelius Group form strategic partnership


Pacific Asset Management (PAM), the core asset management business of Sir John Beckwith’s Pacific Investments Group, and Fidelius Group, the independent Chartered Financial Planning firm, have entered into a strategic partnership. The deal represents the largest undertaken by Pacific Asset Management to-date. Fidelius Group, headquartered in Bath, advises on GBP1.5 billion of assets. 

Under the terms of the agreement, PAM, which has grown it’s AUM to circa GBP1.2 billion in four years, will acquire Fidelius’ DFM arm, Parallel Investment Management (PIM), and assume responsibility for its range of risk-targeted model portfolios. 
In turn PAM’s financial planning firms, Chartered Financial Management (UK) Ltd and Zen Wealth LLP, which PAM acquired in July 2018 and 2019 respectively, will both become part of the Fidelius Group, which has offices in Cheltenham and Chelmsford in addition to its Bath headquarters. Chartered Financial Management (UK) Ltd advise on GBP250 million of clients’ assets and Zen Wealth has assets under advice of GBP30 million. 
Matthew Lamb, CEO of Pacific Asset Management, says: “We are delighted that the Fidelius Group has decided to partner with PAM. The combination of PAM’s investment management capabilities with the strength and breadth of Fidelius Group’s chartered financial planning expertise makes for a strong long-term partnership and great cultural fit, not only for our group, but for our advisers and all our clients.”
Lamb continued, “In simple terms, this partnership allows all of us to focus on our core strengths and gives employees and importantly our clients, the breadth of opportunities to maximise their potential for continued long term success.”
Jim Grant, CEO of Fidelius Group, says: “We are very excited to welcome Chartered Financial Management (UK) Ltd and Zen Wealth to the Fidelius family. Both are high quality, profitable businesses which have long shared our ‘client first’ ethos. The partnership with PAM will bring significant cost benefits to clients, strengthen our investment offering and add value to our advisers. 
“I believe we have created a business model, in conjunction with PAM, which will be attractive to advice firms that share the same core beliefs as us, that is; providing a complete financial planning service to clients, as well as retaining and building value for the future.”
Fidelius Group was supported in the transaction by DC Advisory’s Manchester office, headed-up by Andrew Claymore.
Russell Butts and Jon Marshfield, Directors at Chartered Financial Management (UK) Ltd, says: “We have known Jim and the Fidelius Group for many years and we are hugely excited about joining the team. Fidelius has a wealth of experience but, importantly to us, they have broader and deeper resources which will enable us to focus on what we do best, looking after our clients interests. We share a strong culture and values, centred around clients and with the enhanced support the larger Group brings we are strongly positioned to maintain the high quality service we strive to provide in the years ahead.”

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Jigna Gibb, Bloomberg
Bloomberg Indices has recently hired Jigna Gibb as Head of Commodities and Crypto Index Products, to lead its commodities and...
Robert Minter, director of ETF investment strategy at abrdn takes a look at passive investing in commodities and shares his...
Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by