Derek Gawne and Lizz Ewart have acquired London-based advice firm Charteris Asset Management from the parent company of Charteris Treasury Portfolio Managers for an undisclosed sum.
The firm has been rebranded as CAM Wealth Group Limited, trading as CAM Wealth.
The newly created IFA business will operate its head office from Liverpool and wants to grow rapidly both across the region and nationwide with further acquisitions planned for 2023.
Also, CAM Wealth is exploring a number of strategic alliances with other disciplines to provide additional advisory services, including tax planning, mortgage and general insurance advice, corporate finance and legal services.
Ian Williams, chief executive of Charteris Holdings, said: “I am pleased to confirm that our IFA subsidiary – Charteris Asset Management – has been sold and rebranded as CAM Wealth Group Ltd. I look forward to watching the business grow under Lizz and Derek’s expert leadership and wish them well in their new venture.”
‘Big badge’ image gone
Ewart and Gawne boast 58 years’ combined industry experience, having worked for financial services firms including Charles Stanley, WH Ireland, Abrdn and Schroders. The duo specialise in delivering investment management and financial planning advice.
Gawne, director at CAM Wealth, said: “The days of the ‘big badge’ corporate image are long gone – clients want tailored, objective-driven advice delivered with a more personal touch.
“In an ever-changing and often uncertain economy, we’re passionate about providing clients with a sense of security and a feeling of importance, safe in the knowledge that all their financial and professional needs have been addressed.”
Ewart, managing director of CAM Wealth, added: “In the UK, there is a notable shortage of joined up thinking in the wealth management arena. This acquisition will enable us to deliver professional, collaborative advice – bringing a long-term vision to fruition and enabling us to deliver real value for both new and existing clients.”