Fidelius and Pacific Asset Management Agree Joint Venture

July 1, 2020

On June 11, 2020, Pacific Asset Management announced a joint venture with Fidelius Group.

Pursuant to the agreement, Pacific Asset Management (“Pacific”) will acquire Fidelius Group’s (“Fidelius”) DFM arm, Parallel Investment Management and assume responsibility for its model portfolios. In return, Fidelius will acquire two of Pacific’s financial planning firms, Chartered Financial Management (UK) Ltd and Zen Wealth LLP. The financial planning firms will add a combined £280 million of assets under advice to Fidelius. Further terms were not disclosed.

Pacific, based in England, is the core asset management business of the Pacific Investments Group. Pacific has £1.2 billion in assets under management.

Fidelius, based in England, is a financial services company focusing on investment management, retirement planning, estate planning, tax planning and trusts, funding care, separation and divorce, and court of protection. Fidelius has £1.5 billion in assets under advice.

To read the press release: please click here.


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Investment Manager M&A, Investment Manager Strategic Investments, Transactions