AM Group forms UK venture
AM Group, parent company ofAM Corporation, has entered the United Kingdom advisory business through a joint venture between AM Financial and independent UK dealer group, The Millfield Group.
Under the deal the two groups will work on the development of financial services’ platforms for the UK market and have already released Lifetime Portfolio Services, a funds management and portfolio management service.
According to AM Group deputy chairman Alan Rich, similar work philosophies is the foundation to the alliance being struck between the two groups, and essential to the future growth of the partnership.
“It has always been our goal and vision to offer innovative and cost-effective products and services ethically and professionally and we believe this is a formula for success all around the world. Both Millfield’s and AM’s philosophies match, which we believe is a recipe for success,” Rich says.
Millfield has about 380 advisers across the UK and is more than 60 per cent owned by its IFA partners. The dealer group was formed in 1988 and floated on the UK alternative investment market in March last year.
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