Offshore financial adviser group VFS International has agreed to transfer $200 million in assets to London-based discretionary investment manager, TAM Asset Management, creating a discretionary fund management service operating to UK and EU standards, but servicing the offshore financial adviser industry.
The companies said in a statement that the deal brings TAM’s global expertise in discretionary fund management into VFS’s existing investment portfolios to offer clients more diverse investments, at lower cost and with a greater focus on “client friendly investment transparency”.
VFS investment director Reena Hurkoo said she consider TAM’s online delivery and dealing system to be “superior in the market, and will provide clients with round the clock access to their portfolios”.
The partnership also enables VFS to recruit advisers in new regions where “high levels of transparency and rigorous regulatory adherence are standard”, the statement said.
Headquartered in London, with an international office in Mauritius, TAM offers onshore and offshore investment management for both UK and international clients.
VFS International is an independent group of financial advisers established in 1995, headquartered in Mauritius with clients spread globally, but with a strong presence in Sub-Saharan Africa.