Norwegian wealth manager strikes advisory deal with Redington
Oslo-based wealth manager Forvaltningshuset has appointed Redington, a UK-based investment consultant, as its investment advisor.
According to the terms of the deal, clients of Forvaltningshuset gain exclusive access to Redington’s strategic asset allocation and manager selection advice in Norway.
Redington advises over £450bn (€500.8bn) of assets for institutional clients and Forvaltningshuset tallies NOK6bn (€618m) in assets under advisory.
Pete Drewienkiewicz, CIO Global Assets at Redington said: “There is clear alignment between Redington and Forvaltningshuset through our abiding focus on client outcomes and commitment to an independent business model. We see Norway as an exciting market with great growth potential, and we believe Forvaltningshuset is the perfect partner in Norway as we continue to grow our global presence.”
Michael Sivertsen, managing director of Forvaltningshuset, commented: “The appointment of Redington will further enhance our advisory offering and will be unique in the Norwegian market. We have found a partner that shares our values and investment philosophy. By focusing on the individual client’s investment goals, we can offer Norwegian investors robust solutions without any kind of conflicts of interest.”