The latest moves and appointments in wealth management in the UK, the rest of Europe, the Middle East and other select locations.
P1 Investment Services
Kieran Follis, former head of investment management at Tees
Wealth in Bishop’s Stortford, UK, has teamed up with P1 Investment
Services to launch boutique firm Magellan Research &
Investment.
MRI offers a range of actively managed, risk-adjusted model
portfolios designed for financial advisors and their clients.
Magellan model portfolios will be available on several advisory
platforms as well as the P1 Platform and are backed by a
seven-year performance track record with the same investment team
at the helm. A discretionary managed portfolio investment service
on a more individual, bespoke basis will also be offered, P1
said.
MRI will operate under the P1 umbrella, using the firm’s
regulatory, administrative and tech support framework, as well as
its digital-only investment platform. Other businesses under
the P1 structure included Elston Portfolio Management,
Corrival Capital Management, Pangea Impact Investments and Five
Horizons.
With 35 years of international and domestic investment market
experience behind him, Follis has been a divisional director with
Gerrard / Barclays Wealth and most recently, Tees Wealth.