Investment consultant and fiduciary manager P-Solve has increased its number of charity clients after being appointed by NACRO, the UK’s largest charity dedicated to reducing crime.
The organisation’s 1,400 workers and volunteers help many thousands of people every year in partnerships in over 200 communities. It has 1,750 members in its GBP40.5m pension scheme.
Paul Whitehouse, NACRO’s Pension Trustees’ chairman, says: “We were impressed with P-Solve’s performance record and, equally, with the way its team sought to understand our objectives and formed a solution. Our work is all about partnership and we look for this in all our relationships.”
Trevor Lawless, P-Solve senior investment consultant, says: “Our experience in the charity sector informs our approach in this area but we liaise with clients on an individual basis to appreciate their unique requirements over the long-term. We look forward to working together closely.”
The appointment comes after P-Solve secured its largest-ever fiduciary management mandate earlier this year with the GBP800m AgustaWestland scheme. The adviser now has more than 65 implemented consulting clients, from a total of 175 clients. It manages GBP7.5bn and advises on GBP28bn of assets.
To support its growth, P-Solve has moved into larger offices at 11 Strand as well as having a City office for its insurance investment consultancy, P-Solve Meridian, through which it continues to build its presence in the Lloyd’s of London market. This is complemented by its US investment and advisory activities which were merged with a Boston-based consultancy to form P-Solve Cassidy.