Albemarle wins £500m mandate with Newell Palmer

Albemarle Street Partners has won a mandate to advise IFA group Newell Palmer on the management of its £500m advisory investment service.

The news follows the announcement earlier this month the advisory firm is to launch a joint fund rating service with Chelsea Financial, based on its proprietary screening tool AlphaQuest. The new business, set to launch in January, is to be called FundCalibre and will issue a single ‘Elite Fund' rating to portfolios that pass the screening. Garry Godwin, managing director of Newell Palmer Financial Planning, said: "At this stage in the group's development as we seek to unify the investment offering across all our group companies, it is appropriate to harness the experience and experti...