Arden Partners launches wealth management subsidiary following receipt of FCA approval

Maria Nikolova

Arden Wealth is established to deliver bespoke discretionary portfolio management services to private individuals.

Institutional stockbroking company Arden Partners plc (LON:ARDN) has earlier today announced the launch of Arden Wealth Management Limited, its new wholly owned and FCA approved wealth management subsidiary (trading as Arden Wealth). Arden also announced the creation of a new wealth management division within the Arden group.

Arden Wealth has been formed to provide bespoke discretionary portfolio management services to private individuals who wish to receive a truly personal, tailored service. The list of services includes financial planning and so will provide access to ISAs and IHT portfolios and advice on pensions, including SIPPs and protection.

Henry Algeo, a former director of Brewin Dolphin plc, has been appointed as Head of the Wealth Management Division to develop Arden Wealth.

Donald Brown, Chief Executive Officer of Arden, said “I am delighted that we have secured authorisation from the FCA to launch Arden Wealth. We see wealth management as an exciting growth opportunity for Arden and look forward to actively developing this new division.”

Earlier this month, Arden Partners announced that it had received the approval of the Financial Conduct Authority (FCA) for the appointment of Steve Douglas to the Company’s board as Group Finance Director. His appointment was initially announced on November 1, 2018. He joined the Corporate Finance team at Arden in 2004 and became Head of Corporate Finance in 2014. He has been part of the senior management team which has led the significant investments made across every department as the Company has been restructured over the last 18 months.

Last week, Arden said it had received FCA approval for the appointment of Alistair Currie to the Company’s Board as a Non-executive Director.

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