Oakglen Wealth will assume investment management of both Portfolios from 1 June 2024, subject to regulatory approval.

The portfolios will be managed by Jeff Brummette, Chief Investment Officer, and Nick Davis, Investment Director. There will be no change in investor fees.

Oakglen Wealth has also been appointed to relaunch the Nexus Global Cautious Portfolio. The aim is growth over the medium term, with a dual focus on capital protection as well as capital appreciation. This Portfolio relaunch has been created by the normalisation of interest rates and will provide greater flexibility on blending assets for a more tailored investment solution. The addition of the Nexus Global Cautious Portfolio is scheduled to be made available to investors from 1 May 2024. 

John Westwood, Group Chairman, Blacktower Financial Management Group, said: “We are pleased to introduce Oakglen Wealth as the new portfolio manager for the Nexus Global Portfolios. This appointment is an important step for our Group as these Portfolios form a core part of Blacktower’scentralised investment proposition. I am also pleased that we are now in a position to relaunch the Nexus Global Cautious Portfolio with Oakglen Wealth. We look forward to the continued progression of these Portfolios to provide a first-class solution to our clients’ needs.”