Tyneside-based Moneygate Group has acquired discretionary fund management (DFM) and advisory firm Watermark in a bid to broaden its offering to clients.
The Somerset-based firm will be re-branded Marketstar. The DFM service will be available to Moneygate's national network of IFAs looking to advise their clients on a range of investments. Moneygate plans to roll out the Marketstar brand later in the year as it looks to develop new corporate identities for a range of its services. Marketstar clients will be able to access a full DFM service and a range of model portfolios designed, run and managed by a dedicated management team with investment committee oversight. Meanwhile, Watermark Wealth Management will now provide clien...
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