CBAM’s services will now be available in the global market exclusively through VAM Discretionary Funds.
VAM hopes the partnership will help meet the growing demand internationally for DFM services.
The arrangement will give international investors access to three diversified multi-asset, risk-rated investment portfolios through a Luxembourg-domiciled UCITS IV fund structure.
Considerable risks
“As in the UK, financial intermediaries based internationally are increasingly realising that their skills are primarily in financial planning and relationship management, not in picking funds or building and managing clients’ investment portfolios,” said Nigel Watson, sales director for VAM Funds. “In fact, for advisers there are considerable risks in taking on these roles.”
"For advisers there are considerable risks in taking on these roles"
The portfolios include VAM Close Brothers Cautious Fund, VAM Close Brothers Balanced Fund and VAM Close Brothers Growth Fund, and all will be managed by CBAM under a discretionary fund management agreement.
The VAM Discretionary Funds are managed using the same strategy as CBAM’s Close Discretionary Funds Managed Funds of Funds proposition.
Perfect fit
Fund development director for VAM Funds, Brendan Adams, said the exclusive partnership with Close Brothers is a “perfect fit” for both VAM and the firm’s global investor base, with independent financial advisers around the world already showing an interest.
Penny Lovell, CBAM’s head of private client services, said: “CBAM has a strong reputation within the UK in multi-asset investment management and has established strong relationships within the UK IFA community.
“Whilst CBAM’s strategic focus remains within the UK, we are very pleased to have this opportunity to develop an exclusive and successful partnership with VAM, a company that has established such a strong presence within the IFA community globally.”
