The business will be coming to market over the coming months under Matthew Butcher, head of client proposition who joined in May.
He will be working with Richard Green, deputy managing director at Neptune.
Having spent nearly 10 years at Brewin Dolphin, latterly as group head of research, Butcher spent a short period a Dart Capital as investment director before launching his own consultancy, SIlverHill.
Equester Capital Management will be a branch of Raymond James, with Neptune providing asset allocation and portfolio construction expertise, as well as research access and resources.
Praising Raymond James’s operating model and the quality of the systems on offer, Green said: “We are proud to be partnering with Raymond James….We look forward to working closely with them as we develop the business.”
David Hazelton, head of business development at Raymond James, added: “We are pleased to be working with Neptune to develop their new private client discretionary management proposition.
“Neptune’s commitment to quality and investment management expertise, coupled with their strong research and marketing capabilities, position this new business for tremendous success.”
