Chase de Vere is applying for regulatory permissions to launch its first discretionary investment service in the first half of 2018, Investment Week can reveal.
Previously, the firm has only provided advisory investment services, but it now intends to add a new discretionary model portfolio offering to sit alongside. The group is in the process of applying for Financial Conduct Authority (FCA) permissions and finalising charges for the DFM service, although it said they will be "competitive" compared to similar propositions in the market. Chase de Vere is also actively looking to recruit a head of portfolio management to run the new service, who will be supported by the firm's existing research and technical advice services team, based in Bat...
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