New Product Launch
06 Décembre 2006 - 9:00AM
RNS Non-Regulatory
Sumus plc
06 December 2006
6th December 2006
Sumus Plc
New product launch
Sumus Plc ('Sumus' or 'the Company'), the AIM listed holding company for IFA
businesses providing investment and financial advisory services and network
support services to IFA firms, announces that it has received FSA approval for
its proprietary OEIC.
The OEIC product will trade as The Brunel Funds. Within the Brunel Funds there
will be The Brunel Distribution Portfolio and The Brunel Growth Portfolio.
The Brunel Distribution Portfolio is a multi asset class fund aiming to
generate a 4% income with some capital growth. The Brunel Growth Fund is
primarily invested in equities, with some fixed interest content, aiming to
produce capital growth over the medium to long term.
Commenting on this development, Piers Denne, Head of Investment Solutions at
Falcon Group Plc commented; "This is an important development for the Falcon
Group and Sumus Plc. At Falcon, we have always offered a tailored approach to
advising our clients; it naturally follows that we should develop tailor made
investment solutions. For Sumus Plc shareholders, the development of asset
management products gives our business enhanced, robust and diversified revenue
streams. These revenue streams are rated more favourably than traditional IFA
derived revenues."
-ends-
Contact
Allan Rosengren 0117 9330777
CEO - Sumus Plc 07973 511941
Piers Denne 0117 9330777
Falcon Group Plc 07713 885286
Tom Cooper / Paul Vann 0117 9200092
Winningtons Financial
Note to Editors
Sumus, admitted to AIM in February 2005, is the group holding company of Falcon
Group Plc, a long established and consistently profitable IFA group, also of
Financial Synergies Plc which was established in August 2004 and Financial
Services Advisory and Support Limited which was acquired in September 2006.
Falcon was founded in 1983 by Allan Rosengren and Julian Telling, respectively
the Group Chief Executive and Group Operations Director of Sumus.
Sumus is a consolidator in the IFA sector, both by way of the organic expansion
of its operating businesses and through carefully selected investments in IFA
firms, which then become authorised through either the Falcon Group or FSAS.
Sumus provides strategic direction, working capital, compliance and risk
management resources to its operating businesses.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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