Deutschland (Germany), Professionelle Anleger


Press release: Wellington Management Announces Distribution Agreement with Raymond James UK

Expands Investment Offering to Wealth Market


Press release

London, UK, 3 September 2019 – Wellington Management, one of the world’s largest independent investment management firms, announces a new distribution agreement with Raymond James Investment Services (Raymond James), one of the UK’s fastest-growing wealth management businesses*.

In an effort to expand Wellington’s industry-leading investment solutions to the wealth channel, this agreement will give Raymond James’s clients access to Wellington’s suite of UCITS funds across a span of asset classes, including equity, fixed income, alternatives and multi-asset.

Matt Knight, who leads Wellington’s UK distribution efforts, says: “The UK wealth market is an important strategic focus for Wellington, and partnering with Raymond James will make our UCITS fund offering available to a wider range of clients as we look to expand our distribution. We look forward to working with the Raymond James team as they seek to help their clients achieve their objectives over the long term.”

Stuart Wright, Head of Raymond James’s Operations and Product Management, said: “We are pleased to be one of the first platforms in the UK to partner with Wellington. We offer the wealth managers who work with us access to a diverse range of investment products, and we believe that Wellington’s history and approach really sets them apart. In particular, given the growing fintech investment landscape, the Wellington FinTech Fund is a welcome pure-play fintech solution. Our parent company, Raymond James Financial (RJF), and its US subsidiaries already have a strong, long-standing relationship with Wellington, and we are delighted to expand that relationship into the UK.”

*Source: Raymond James


About Wellington Management

Tracing our history to 1928, Wellington Management is one of the world’s largest independent investment management firms. With over US$1 trillion in assets under management as of 31 March 2019, we serve as a trusted investment adviser to a diverse client base of more than 2,200 institutions, insurers, global wealth managers and mutual fund sponsors in over 60 countries. Our comprehensive investment capabilities are built on the strength of rigorous, proprietary research and span nearly all segments of the global capital markets, including equity, fixed income, multi-asset and alternative strategies. As a private partnership whose sole business is investment management, our long-term views and interests are aligned with those of our clients.

The UK is an important market for Wellington. The firm has a large base of UK institutional clients, and its London office, which was opened in 1983, is a hub for Wellington’s investment platform and distribution efforts.

About Raymond James

Raymond James Investment Services Limited (Raymond James) is one of the fastest-growing wealth management firms in the UK today, and was founded to service and support entrepreneurial investment managers and investment-focused financial planners in the UK who run growth-oriented practices with a strong management and compliance culture. These wealth managers service high-net-worth clients with complex financial needs.

Our services are delivered in an open-architecture environment so that wealth managers select the products and solutions that meet their clients’ specific needs in the most cost-effective manner. Furthermore, Raymond James does not centrally manufacture and promote any proprietary investment products in the UK, ensuring there is no conflict with the wealth managers’ unbiased investment selection.

As part of the core Private Client Group of Raymond James Financial, Inc., it belongs to a well-established, profitable and diversified financial services firm.

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Raymond James Investment Services is a member of the London Stock Exchange and is authorised and regulated by the Financial Conduct Authority. Its Registered Office is at Ropemaker Place, 25 Ropemaker Street, London, EC2Y 9LY. Registered in England and Wales No. 3779657.

This press release is provided by Wellington Management International Limited, a firm authorised and regulated by the Financial Conduct Authority in the UK. It is provided for informational purposes only for journalists and media professionals only, and is not intended to constitute a financial promotion under the FCA’s Conduct of Business rules.