Describing itself as one of the UK’s largest independently owned discretionary investment firms, with about £3.6bn ($5.92bn) AUM, the firm said it will initially be looking to expand into Europe.
IFAs will be able to access the discretionary investment service for their clients either by outsourcing directly to Cheviot or by forming a strategic partnership with the firm.
Investment director David Miller said expanding into the offshore market had always been part of Cheviot’s strategy.
“The company’s experience, knowledge of the market, understanding of asset classes and commitment to customer service makes it a compelling proposition,” he said.
“We offer a targeted, combined approach. Essentially, we are a tool that IFAs can use to outsource their investment management. It puts them in a far stronger position knowing they have someone who can run this part of their business.”
Cheviot was launched in May 2006 and currently provides services for clients based in the UK. It describes its investment process as combining “strong disciplines” with bespoke, flexible asset allocation and stock selection.
