Master broker Black Book Finance has launched a white label service for IFA network The Beaufort Group called Beaufort Capital Solutions.
The broker is being headed up by Clive Willson, formerly at Brightstar, Magellan and Beacon Homeloans, and will provide residential, commercial, development and business finance, on an advised or referral basis.
Simon Goldthorpe, founder and chairman at Beaufort Group, said: “As a growing team of high performance wealth managers, our focus and expertise lies in advising our clients on their investments.
“But our clients have finance requirements too, and in the past we have been reluctant to refer them to third parties outside the group.
“I have worked with both Clive Willson and Michael Clapper [executive chairman of Black Book] at different times in the past, and Black Book’s range of services is extremely comprehensive.
“I believe they make the perfect team to launch and develop this important client service for us.
“We are excited about this expansion to our client proposition and about the subsequent growth potential for Beaufort Capital Solutions.”
Clapper said: “Beaufort Group is highly successful and growing fast, and the requirement for a fully-branded finance department makes perfect sense.
“My team and I have had lots of experience in creating white-labelled solutions for large adviser networks in the past, and it is great to be working with both Simon and Clive once again, so we are all very excited by the potential of this bespoke initiative.”
The Beaufort Group was founded in 2012 and has 55 partners across 13 UK locations and close to £700m of client funds under management.
It provides services to financial advisers and planners retail investors, clients, employers, and to those looking for discretionary management.