A Financial Planning business has struck an alliance deal with a discretionary investment management firm.

Pareto Financial Planning, based in the North West of England, will team up with Brooks Macdonald.

Pareto provides independent advice on all areas, from simple life cover and savings to corporate pension schemes and insurance.

Pareto’s clients will have access to Brooks Macdonald’s discretionary investment management and its full range of services, including its bespoke portfolio service and the help of a 93 strong investment team.

The services can be held within a range of structures, including ISAs, offshore and onshore bonds, SIPPs, SSASs and individual trusts.

John Stevenson, managing director, Pareto, said: “This strategic alliance is an important step for our business as we continue to strengthen our proposition. Brooks Macdonald has a strong track record and will provide an excellent solution for some of our clients seeking investment management services.

“Brooks’ focus on offering a personalised service resonates strongly with our own model, making them an ideal fit for our business.”

Nick Holmes, managing director of asset management at Brooks Macdonald said: “We are pleased that Pareto has chosen to partner with us and are confident that our investment solutions will help to meet the needs of their clients. Pareto is an exciting business with a strong proposition, and we look forward to working with them in this capacity.”