UK - Investment consultancy PSolve, part of South Africa's Sanlam Financial Services, has marked its first year with £8.4bn assets under advice.
Since its inception last August, PSolve now boasts over forty pension fund and nine local authority clients. In addition, its local authority team has recently been boosted by two senior arrivals, Val Burdett-Callen and Brenda Clayton, bringing the total team number to 16.
PSolve adopts a liability-driven approach to investment consulting and is also one of the first investment consultancies in the UK to offer clients the option of working on a performance related fee basis, whether related to an investment benchmark or the improvement of a funding level.
PSolve’s Mike Faulkner said: “The successes we have enjoyed in our first year validate our approach. We are not afraid to challenge the established thinking if that will deliver a more effective solution – I think clients find that refreshing.”
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