UK-based corporate adviser and multi-service stockbroker Arden Partners has received Financial Conduct Authority approval to launch Arden Wealth Management, its wholly-owned subsidiary.
Former Brewin Dolphin director Henry Algeo has been appointed head of the wealth management division to develop the business.
The new division, which trades as Arden Wealth, will give private investors access to discretionary portfolio management services; which includes financial planning, pension advice and a range of Isas and inheritance tax (IHT) portfolios.
James Reed-Daunter, executive director of Arden Partners, said: “This will present a great opportunity for wealth managers who wish to work in a smaller company environment to develop their careers and look after their clients in a truly bespoke manner.”
Ex-Brewin
Algeo was group managing director and chief operating officer at Brewin Dolphin for two years before leaving the firm in 2013, according to his LinkedIn profile.
More recently, he served as chairman of trustees for the Heart Trust Fund and as chief executive of wealth technology firm TheWhiteboard.
International Adviser has contacted the firm to ask about the growth of the division, how many clients it will have and its long term asset target.
