News

Towergate Financial Unveils Active MAPs

January 29, 2010

29th January 2010

Towergate Financial Unveils Active MAPs

Towergate Financial, the financial advisory business of the Towergate Group, today announces the launch of its Active Multi-Asset Portfolios (MAPs).  The Active MAPs sit alongside the firm’s Passive MAPs, announced in November last year and managed by Evercore Pan-Asset.
 
Both the active and passive investment management options provide clients with diversified multi-asset investment portfolios that are truly risk-rated.
The new Active MAPs will be managed by Cazenove Capital *. Cazenove Capital provide independent and whole of market fund research and selection as well as tactical asset allocation which is bespoke and designed to map directly to the Towergate Financial attitude to risk outcomes.
 
Clients investing in the MAPs become members of Towergate’s Wealth service programme, providing members with a suite of value added services, support and ongoing review.

Towergate Financial CEO Ian Darby said, “With our Multi-Asset Portfolios  (MAPs) and our wider Private Client Toolkit we have listened to the needs of our financial planners and built solutions that ensure we are ahead of the game and ready for the post-RDR world.   In doing so we have built a best of breed toolkit which will enable us to attract the very best advisers and businesses in to Towergate Financial. We are delighted that Cazenove Capital, with their reputation as a leading multi-asset, house are part of this.”

Cazenove Capital Rob Thorpe, Director of UK Advisory Sales said, “Cazenove Capital is recognised as a leading multi-asset investment house. Our capability in this area is delivered through fund of funds, model portfolios and discretionary fund management making us one of only a few investment businesses that can offer a complete out-sourced investment solution to advisers. Towergate have harnessed this in their private client offering which has created a powerful proposition for their financial planners and those advisers considering the post RDR world.'

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Media Contacts:

Russell O’Connor
Towergate
Tel: 07760 282586

Notes to editors

Towergate Financial is the financial advisory business of Towergate Partnership, Europe’s largest independently owned insurance intermediary.  The firm has acquired 11 businesses in the past two years and has plans to develop its business further both organically and through targeted acquisition. Towergate Financial recently announced the launch of a new employee benefits and private client business in London.

* Evercore Pan-Asset (EPA) is the investment manager, Cazenove Capital is the sub-investment manager of the active portfolios (appointed under a delegation agreement between EPA and Cazenove Capital Management Limited for discretionary investment management).  The ACTIVE MAPs will be managed by Marcus Brookes and Robin McDonald, co-managers of the Cazenove Capital multi-manager products.