Seven Investment Management has won an investment mandate to work with Financial Planning firm Towergate Financial.
7IM, a corporate member of the Institute of Financial Planning, will manage the firm's passive multi-asset portfolios.
These portfolios were established by Towergate in 2009 to provide a low-cost diversified range of investments.
Towergate already works with 7IM on the 7IM asset allocated passive fund range and the 7IM discretionary management service. The new addition means 7IM is now providing investment services across the full range of Towergate clients.
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Warren Page, chief executive of Towergate Financial, said: "At such a time of increased market volatility and every charging demands on capital, the need for lower cost and disciplined investment structures has never been so important and we are delighted to be working even closer with 7IM for the benefit of our clients."
Justin Urquhart-Stewart, director of 7IM, said: "We are very pleased to have been selected by Towergate Financial. It's a great privilege and responsibility to be asked to look after clients' hard earned funds, and thus we greatly value the opportunity to be able to further demonstrate our commitment to providing the best possible investment service to Towergate Financial and their clients."

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