22 Oct 2008 07:00
| Press Release | 22 October 2008 |
Lighthouse Group plc
("Lighthouse" or "the Group")
Seven Investment Management funds to join LighthouseCapital programme
Lighthouse Group plc (AIM: LGT), one of the UK's largest Independent Financial Advice and Wealth Management groups, today announces that Seven Investment Management ("7IM"), which recently launched their innovative Asset Allocated Passive fund range, is joining the LighthouseCapital programme (the "Programme").
The Programme was launched to give Lighthouse and its advisers an end-to-end investment process and greater influence over funds under advice.
The investment process starts with a systematic determination of a client's attitude to risk using a psychometric fact find. The process then offers the adviser various alternatives in order to match the risk profile of the client to the most appropriate unfettered fund of funds or discretionary portfolios offered by participating investment houses. This choice will, from today, include the 7IM Asset Allocated Passive fund range.
The Programme provides clients with an investment experience that is closely aligned to their tolerance for risk and investment objectives. The addition of 7IM funds to those already offered provides yet wider choice to Lighthouse advisers and clients.
Allan Rosengren, Joint Chief Executive of Lighthouse Group plc, said: "As part of the LighthouseCapital programme we already offer a range of unfettered fund of funds provided by F&C and LV= Asset Management. The addition of the 7IM Asset Allocated Passive fund range, with their highly competitive charging structure and intelligent use of Exchange Traded Funds, further enhances the wide range of investments which our advisers can offer clients."
Justin Urquhart Stewart of Seven Investment Management added, ''We are delighted to participate in the LighthouseCapital programme and feel that we can add tangible benefits to both Lighthouse advisers and clients with our innovative approach to investment, brought to life via our AAP funds.''
- Ends -
For further information, please contact:
| Lighthouse Group plc | |
| Allan Rosengren, Joint Chief Executive | Tel: +44 (0) 117 933 0777 |
| allan.rosengren@lighthousegroup.plc.uk | |
| Dan Jordan, Director - Fund of Funds | Tel: +44 (0) 7971 191 817 |
| dan.jordan@lighthousegroup.plc.uk | |
| Andy Gadd, Head of Research | Tel: +44 (0) 7971 198 110 |
| andrew.gadd@lighthousegroup.plc.uk | www.lighthousegroup.plc.uk |
| Shore Capital and Corporate Limited | Tel: +44 (0) 20 7408 4090 |
| (Nominated Adviser to the Company) | |
| Dru Danford | |
| Edward Mansfield |
| 7IM | Tel: +44 (0) 207 760 8777 |
| Justin Urquhart Stewart |
Media enquiries:
| Abchurch Communications | Tel: +44 (0) 20 7398 7700 |
| Heather Salmond | Tel: +44 (0) 20 7398 7704 |
| heather.salmond@abchurch-group.com | |
| Joanne Shears | Tel: +44 (0) 20 7398 7709 |
| joanne.shears@abchurch-group.com | www.abchurch-group.com |
Notes to Editors
About Lighthouse Group plc
Lighthouse Group is the largest autonomous provider of independent financial advice, wealth management and distribution of retail financial products in the UK, with in excess of £6 billion of funds under advice. The Group is cash generative, profitable and paid a maiden dividend in 2008.
Lighthouse Group provides support to approximately 900 IFAs across the UK who, in turn, provide fully independent financial planning advice to both private and corporate clients via its operating divisions including LighthouseCarrwood, LighthouseTemple, Falcon Group, LighthouseXpress, FSAS and City Pensions.
Based in major operational centres across Britain, the Group has grown through both organic growth and key strategic acquisitions since being admitted to AIM in October 2000.