New strategic partnership

London, 6th August 2019 – 08:00 UK Time

Pacific Asset Management (PAM), the core asset management business of Sir John Beckwith’s Pacific Investments Group, has entered into a strategic partnership with Zen Wealth LLP via its ownership of financial planning firm Chartered Financial Management (UK) Ltd (CFM(UK)). 

Zen Wealth, a chartered, award-winning Wealth Management firm based in London was founded by Patrick Murphy in 2012.  Patrick and his team will work with the enhanced resources of CFM(UK) and PAM to continue to develop its market leading holistic financial planning proposition.

Matthew Lamb, CEO of Pacific Asset Management said, “We are delighted that Patrick and the entire Zen Wealth team have decided to partner with CFM(UK) and PAM.  As we have said before “alpha” is often associated with the asset management industry, but, in many ways the most tangible “alpha” lies in the advice. Zen Wealth mirrors CFM(UK)’s advice for life commitment by using its outcome orientated approach to deliver on clients’ long term goals and objectives.”

Russell Butts and Jon Marshfield, Directors at CFM(UK) commented, “Zen Wealth are a close-knit team of highly qualified, knowledgeable and passionate people, sharing CFM(UK) and PAM’s client-first ethos, strong culture and values.  The entire group will greatly benefit from the additional financial talent, to ensure we continue to meet the needs of the ever-growing client base.”

Patrick Murphy from Zen Wealth said, “Since 2012 we have developed a very successful business by creating a range of well diversified portfolios, using a market cap weighted asset allocation approach and buying low cost funds that are rebalanced once a year. This simple approach has served our clients very well in the bull run that we have experienced since 2008, but we have felt for a while now, that we need to re-evaluate this approach.”

Murphy continued “By joining forces with CFM(UK) and PAM, we really do secure the future for our clients and our staff and provide ourselves with the right tools, needed to survive in the years ahead.”

Posted on August 8th 2019

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