Pacific AM acquires Chartered financial planner's DFM arm in Fidelius Group tie-up

Largest strategic partnership to-date for Pacific

Mike Sheen
clock • 2 min read

Pacific Asset Management has entered into its largest strategic partnership to date, which will see the investment manager acquire Chartered financial planner Fidelius Group's DFM arm Parallel Investment Management.

The partnership will also see Pacific take on Fidelius' range of risk-targeted model portfolios, while the Bath-based Chartered financial planner will take control of the investment manager's financial planning firms. Growing its £1.1bn assets under advice (AUA), Fidelius will take charge of £250m AUA Chartered Financial Management (UK) and £30m AUA Zen Wealth, which Pacific acquired in July 2018 and 2019 respectively. Under the agreement, Pacific will take on Parallel's model portfolios, which are understood to have represented about £400m in assets under management prior to the ongo...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers notice growing client demand for bespoke investments

Advisers notice growing client demand for bespoke investments

Want access to ETFs, investment trusts, equities, bonds and AIM shares

Isabel Baxter
clock 17 April 2025 • 2 min read
FCA outlines final CCI ruling timeline as it brings out second consultation

FCA outlines final CCI ruling timeline as it brings out second consultation

'Detailed engagement' to continue

Eve Maddock-Jones
clock 16 April 2025 • 3 min read
Talking with… Rathbones Asset Management's James Thomson

Talking with… Rathbones Asset Management's James Thomson

The series continues as Richard Romer-Lee chats to James Thomson

Richard Romer-Lee
clock 14 April 2025 • 4 min read