London, 16th September 2019: Leading discretionary managed portfolio provider FE Invest has appointed two senior investment professionals to its growing team.
With its assets under management (AUM) having grown to over £2 billion in just four years and its headcount doubling over the past year, the team has further expanded with the appointments of Catherine Makin and Steve Thompson.
Catherine Makin joins FE as a Business Development Manager from Barclays Wealth Management. A Chartered Financial Planner, Catherine most recently held the position of Vice President, providing a range of wealth management solutions to high net worth (HNW), corporate and charity clients. Prior to this, she worked in the wealth management and business development arms of several global organisations, including HSBC, HBOS and Prudential. A highly-experienced finance and business development professional, Catherine has also authored FCA-approved workbooks for the Chartered Institute for Securities & Investment (CISI) and is currently an examiner for the Chartered Insurance Institute’s (CII) professional qualifications.
Steve Thompson, a Chartered MSCI member with the CISI, also joins as a Business Development Manager. His role is to work with intermediaries across Scotland and Northern Ireland, to develop their investment and retirement propositions. With 28 years industry experience, Steve has held many high-profile roles in the industry, including most recently as Asset Management Specialist for Charles Stanley. Prior to that he worked for Morningstar Europe, providing investment expertise for UK Intermediaries with their MPS solution. He has also held positions as a Regional Sales Manager for Generali Middle East, MetLife Europe, Hartford Life and Kames Capital.
Rob Gleeson, Head of FE Invest, said: “Catherine and Steve are joining FE Invest during a very exciting stage of our development. Their knowledge, experience and insight will be invaluable as we look to enhance our unique investment proposition and grow our service even further. Hiring industry professionals of Catherine and Steve’s stature marks an important milestone for FE Invest, particularly as we move to a structure which allows us to support Financial Advisers across the whole of the UK. Not only will their expertise support our own growth ambitions, but it will allow us to further support our clients in helping them to reach their own client’s investment objectives. We welcome them warmly to the FE Invest team.”
Catherine Makin said: "FE provides a unique opportunity to be part of an exciting growth phase. I am looking forward to supporting intermediaries with an award-winning managed portfolio service. FE is truly independent with no affiliation to any asset manager, I am proud to be part of an organisation committed to working with the Financial Services Industry to provide robust and compliant solutions for their clients."
Steve Thompson said: “With the managed portfolio market proving highly competitive, I am excited to join the FE family that offers an exciting proposition. Leveraging of the back of the success of FE’s data and technology history, FE Invest offers something exceptional for advisers.”
Since its launch in 2015, FE Invest has enjoyed remarkable success with Financial Advice Firms. The team has seen a 77.9% year-on-year % growth in AUM, the second highest among DFMs on platform, according to a report by Platforum, published in July 2019. The same report also reveals a 39.8% % growth in adviser firms using FE Invest’s portfolios over the past year.
Using FE’s heritage and data intelligence, the team has developed a centralised investment proposition that is distinct in the market. The team places a great emphasis on investment diversification and risk management and has developed a range of active and hybrid portfolios, suitable for a wide range of investor types. The success of this approach has been demonstrated not only through the growth in AUM and advisers using the portfolios over the past four years, but also gaining industry recognition in winning several awards.
T / +44 207 534 7639
Notes to Editors
FE is a leading international provider of data and technology to the asset management and wealth management industries, with clients ranging from the world’s largest asset managers and banks to financial advisers and distributors. FE connects these groups to enable better informed investment decision making, providing data, documents, tools, research, ratings and model portfolios. In November 2018, FE joined forces with two fund data businesses based in Europe ꟷfundinfo (Switzerland) and F2C (Luxembourg). This combination harnesses the complementary capabilities, reach and resource of each firm, increasing the breadth and depth of the client offering and positioning the firm for rapid international growth. FE employs c.600 people across UK, Switzerland, Luxembourg, India, Australia and other European and Asian centres.