As part of the arrangement all of Black Book’s services and staff will be white-labelled, as ‘Beaufort Capital Solutions’, in effect giving Beaufort its own internal finance department.
The Beaufort Group was founded in 2012 currently comprising 55 IFAs across 13 UK locations and close to £700m of client funds under management.
Clive Wilson, former sales director of Brightstar, Magellan and Beacon Homeloans, will be leading the initiative on behalf of Beaufort Group.
Simon Goldthorpe, founder and chairman at Beaufort Group, said: “As a growing team of high performance wealth managers, our focus and expertise lies in advising our clients on their investments. But our clients have finance requirements too, and in the past we have been reluctant to refer them to third parties outside the group.
“I have worked with both Clive Wilson and Michael Clapper at different times in the past, and Black Book’s range of services is extremely comprehensive. I believe they make the perfect team to launch and develop this important client service for us. We are excited about this expansion to our client proposition and about the subsequent growth potential for Beaufort Capital Solutions”.
Pictured: Michael Clapper, co-founder and chairman at Black Book Finance