Artemis, the Edinburgh-based fund management house known to many in the financial services industry for its long-running “profit hunter” ad campaign, has become the latest asset manager to join the partnership programme of the Federation of European Independent Financial Advisers (FEIFA).
FEIFA chief executive Paul Stanfield, pictured, said Artemis’s joining the organisation’s partnership network was the latest evidence that more and more UK asset managers are increasingly looking to diversify and expand abroad.
Simon Rogers, associate director of sales at Artemis, will oversee the interface between the fund manager and FEIFA. In a statement accompanying the announcement of the partnership arrangement, he stressed the existing alignment of interest between Artemis’s management and its fund managers, and the benefits of this to the company’s investors.
Artemis was founded in 1997 and manages more than £21bn on behalf of its investors across a range of funds, investment trusts, a venture capital trust and both pooled and segregated institutional portfolios. Originally known for its expertise in UK equities, it has expanded its range in global and European investments in recent years.
FEIFA dates back to 2009, when it was founded by Paul Stanfield and some fellow associates in the European advisory industry as a non-profit trade association aimed at giving a voice and support to English-speaking independent financial advisers across Europe.
The association claims its 38 member companies are present in a total of 25 countries across Europe, and advise on cumulative assets in excess of €3bn.
According to its website FEIFA currently has some 47 “partnership” arrangements, with companies ranging from fellow Scottish fund managers Aberdeen Asset Management to VAM Funds, a Luxembourg-based fund house, as well as with life companies such as Generali PanEurope and Friends Provident International.