Recently founded Financial Planning and fund management firm One Four Nine Group has launched an in-house discretionary fund management (DFM) service.

One Four Nine Portfolio Management will offer a range of model portfolio service products.

The products will also be available on several platforms including Parmenion and 7IM.

It will offer active, passive and sustainable model portfolios.

The service will be led by CIO Dr Bevan Blair. He has previously built in-house managed portfolio and fund management solutions for a large UK advisory group and has previously also worked for West LB Asset Management and Tilney.

Dr Blair said: “I am delighted to see One Four Nine Portfolio Management officially launched thanks to the hard work of our in-house team. We firmly believe that successful investing is founded on a thorough and robust intellectual framework underpinning all decisions and we place protection of client capital at the heart of our investment philosophy.

“Advisers are actively looking for ways to strengthen their proposition as they face increasing pressure from regulatory and administrative burdens which progressively take up vital resources. By centralising the investment management of client assets and supporting materials (including analysis and portfolio performance reporting materials across a competitively priced suite of products), we are the natural partner of choice for advisers wishing to place a greater focus on relationships with clients and introducers.”

One Four Nine Group was launched in October with the acquisition of Charter Financial Planning and Rice Whatmough Crozier. 

The new firm is backed by private equity house Copper Street Capital and said it expects to make further acquisitions soon.

October’s acquisitions added 7 advisers, over 700 clients and over £300m in assets under management to the new firm.

The new firm is led by CEO Matthew Bugden has a banking background including over 16 years at NatWest and most recently specialist media and real estate investment manager The Ingenious Group.

One Four Nine said the firm is building a nationwide, independent financial advice and fund management group primarily targeting accountancy firms and other professional services firms that own or have a joint venture with financial advice firms, as well as standalone advisory firms that “reflect the collaborative, innovative and professional values” of the group.