Stonebridge and Moneygate announced their partnership in October, forming Cathesis Wealth Management, with Moneygate taking on the full responsibility for compliance and advice.
Richard Adams, managing director of Stonebridge Group, said that the network wanted to focus on its core expertise of mortgages and protection, while Cathesis supports their brokers’ lead generation.
He said: “Our wealth management advisers are nurtured and developed through the joint venture with Moneygate and supported in terms of business sources through our proven experience.
“Our network firms introduce a significant lead stream to our wealth managers and we believe there are strong levels of business volumes to be achieved.”
Stonebridge said it is working with 65 AR firms to grow their wealth management lead generation, using its point of sale system Revolution.
Adams said: “Many advisers in this market are struggling to see large volumes of business post-2012. However, we believe this proposition delivers the security and reward a wealth manager deserves for their expertise.”
