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PIC signs Middle East alliance with Jupiter
- United Arab Emirates: Tuesday, October 13 - 2009 at 13:43
- PRESS RELEASE
Dubai-based Independent Financial Advisory (IFA) firm PIC announced a strategic alliance with Jupiter Asset Management. PIC, a member of the deVere Group of companies, the largest international IFA in the world, will be the first fund management company in the region to team up with an IFA to provide direct funds access and advice.
Under the agreement, deVere and Partners can now access 43 funds directly through its 150 financial advisory professionals based in the region. Jupiter will also provide investment training and support to PIC's consultants from some of the industry's top fund managers.
Spencer Lodge, regional director for deVere and Partners in the Middle East, says:
"Jupiter Asset Management has a superb reputation for producing consistent, strong performance across a range of funds. We are delighted to have formed this relationship in order to offer the company's top products to our clients. This alliance is a key milestone for us, as it's the first time in the region that a fund management company has teamed up with an IFA to provide direct funds access and advice. This means we are getting much more regular current information on the projections and decisions of the fund managers."
"Our clients stand to benefit as our consultants will now be trained by these highly experienced professionals and can now access knowledge that would normally only be given to top fund managers working inside Jupiter."
Kevin Scott, executive director international at Jupiter Asset Management, says: "This strategic alliance is an important development for Jupiter. With some 50,000 clients in over 100 countries, deVere offers significant potential for Jupiter to develop both brand awareness and sales internationally. We look forward to developing this relationship over the coming years."
With in excess of US$7 billion of funds under administration and management, deVere has over 350 consultants working in its 40 offices worldwide.
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Posted by Nadeen El Ajou
Tuesday, October 13 - 2009 at 13:43 UAE local time (GMT+4)
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deVere and Partners is the world's largest independent international financial consultancy. International investors and expatriates employ deVere to find financial services products that suit their medium to long term requirements for investments, savings and pensions.
Its independence and ability to offer financial products that are tailor-made to fit the needs of individuals are the key factors behind the company's continued success.
As a result, deVere now has offices in over 40 countries. You can find deVere in Abu Dhabi, Brussels, Dubai, Geneva, Hong Kong, Johannesburg, London, Mexico, Moscow, Shanghai, Tokyo and Zurich, amongst others.
JUPITER GLOBAL FUND (SICAV)
o Domiciled in Luxembourg and recognised by the FSA
- Fund registered in Austria, Finland, France, Germany, Hong Kong, Jersey, Sweden, Switzerland and Singapore (Institutional).
- Nine sub-funds available - Jupiter Asia Pacific, Jupiter Climate Change Solutions, Jupiter European Growth, Jupiter European Opportunities, Jupiter Global Equities, Jupiter Global Financials, Jupiter India Select, Jupiter Japan Select and Jupiter New Europe.
- Fees: up to 5% initial and 1.5% annual management charge
- Minimum initial investment: £1,000, €1,000, $1,000 in respective share classes
- £, € and $ share classes
JUPITER MERLIN FUNDS (SICAV)
- Domiciled in Luxembourg and recognised by the FSA
- Fund registered in Austria, Finland, France, Germany, Hong Kong, Jersey, Sweden, Switzerland and Singapore (Institutional).
- two sub funds available- the Jupiter Merlin International Balanced Portfolio and the Jupiter Merlin International Equities Portfolio.
- Fees: up to 5.25% initial and 1.5% annual management charge
• Minimum initial investment: £500, €500 in respective share classes
• £ and € share classes
Jupiter Asset Management Limited (JAM) is both authorised and regulated by the Financial Services Authority and their registered address is 1 Grosvenor Place London SW1X 7JJ. The group is collectively known as "Jupiter". Past Performance should not be seen as a guide to future returns, the value of an investment and the income from it can fall as well as rise and may be affected by exchange rate.
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