Pacific AM Agrees Third IFA Tie-up

Part of Sir John Beckwith's Pacific Investments, Pacific agreed partnerships in 2018 with Chartered Financial Management UK (CFM UK) and Strabens Hall in July and December respectively.

London-based Zen Wealth will work alongside CFM UK and Pacific, expanding the pair's financial planning proposition.

Commenting on the latest agreement, CEO of Pacific AM Matthew Lamb said: "As we have said before alpha is often associated with the asset management industry, but, in many ways the most tangible alpha lies in the advice.

"Zen Wealth mirrors CFM UK's advice for life commitment by using its outcome orientated approach to deliver on clients' long term goals and objectives."

In a statement, CFM UK said the "entire group will greatly benefit from the additional financial talent, to ensure we continue to meet the needs of the ever-growing client base".

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CEO of Zen Wealth Patrick Murphy added: "Since 2012 we have developed a very successful business by creating a range of well diversified portfolios, using a market cap weighted asset allocation approach and buying low-cost funds that are rebalanced once a year.

"This simple approach has served our clients very well in the bull run that we have experienced since 2008, but we have felt for a while now, that we need to re-evaluate this approach."

"By joining forces with CFM UK and PAM, we really do secure the future for our clients and our staff and provide ourselves with the right tools, needed to survive in the years ahead."