Stonebridge and Moneygate form WM joint venture

Mortgage and insurance network Stonebridge Group has partnered with national IFA Moneygate in a joint venture tie-up aimed at expanding its wealth management arm.

Branded Cathesis Wealth Management, the new partnership will see Moneygate take full responsibility for compliance and advice delivered by existing Stonebridge advisers whilst also being responsible for their training and ongoing CPD.

In addition, the national IFA will help develop the firm's services through areas including wraps and platforms.

The venture will work closely with Stonebridge Group Network members to enhance their proposition to clients, said the network.

It added Stonebridge Group will continue to support its wealth advisers in terms of lead generation, sales support, branding, marketing and business development.

Moneygate national sales director Dennis Reed said: "We are delighted to have completed this deal as it represents a significant and strategic part of our build plan."