Sumus launch Fund Management
22 Mars 2007 - 8:04AM
RNS Non-Regulatory
Sumus plc
22 March 2007
22nd March 2007
Sumus Plc
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, today announces the launch of their proprietary
asset management product, The Brunel Funds.
The Brunel Funds are an OEIC, operated through the trading subsidiary the Falcon
Group plc. The Brunel Funds are made up of two sub-funds, Brunel Distribution
and Brunel Growth; both being fund of funds which are governed by the wider
investment regulations of NURS and managed by Premier Asset Management. The
funds were invested into the market on the 1st March after raising 1 million of
seed capital per fund.
The funds are available to both the advisers within the Falcon Group and the
wider IFA community.
Commenting on the launch, Piers Denne, Head of investment Solutions said:
"These are exciting times for the Group and for our advisers. Having created the
Brunel Funds it is great to see them go live, being invested in and receiving
such interest. We embarked on this to meet the specific needs of our clients.
Through employing the fund manager we can ensure greater control, transparency,
objectivity, and importantly, greater accountability. We are that much closer to
where the decisions are being made"
Allan Rosengren, Chief Executive of Falcon Group plc, added:
"Sumus Plc and the Falcon Group have built a considerable business whilst
ensuring that we balance the interests of all stakeholders in the Group. This
is, in large part, what delivers a winning combination of merits and provides
stability and greater certainty for all involved. I see Brunel as being a
further key differentiator and enabler of value generation for clients, advisers
and the Group as a whole."
-ends-
Contact
Piers Denne 0117 933 0777
Head of Investment Solutions 07980 745094
Allan Rosengren 0117 9330777
CEO - Sumus Plc 07973 511941
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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