New client for Managed Accounts Holdings

Managed Accounts Holdings has signed new client First Point Wealth Management to provide a new Managed Discretionary Account (MDA) service.

First Point Wealth Management would launch a range of multi-asset portfolios for financial planners, accounts and direct retail investors.

Their goal would be to provide investors with a professionally run portfolio based upon a range of investment analysis from high level macro to bottom up stock picking.

First Point Wealth Management said it would bring together Sam Robson, Brad Matthews, Toby Lewis and Paul Saliba to run its multi asset portfolios.

The announcement came as MGP shareholders were due to vote upon a change of company name to Xplore Wealth Limited, the firm said.