Terry Smith to launch an asset management firm

first_imgSunday 12 September 2010 10:43 pm Show Comments ▼ STOCKBROKING veteran Terry Smith is expected to step down from Collins Stewart within the next few months to concentrate on launching an asset management business.The venture, entitled Fundsmith, will give both high street and professional investors the opportunity to invest alongside Smith. The tough-talking former analyst has ploughed several millions of pounds from his £60m fortune into the project.Fundsmith will be structured as a partnership and was incorporated in April, according to Companies House. Keith Hamill, the one-time chairman of clothing outlet Moss Bros and low-cost airline Go, is listed as a director.It is not known whether Fundsmith will offer customers mutual investment portfolios or more esoteric products. More details will emerge after it receives the green light from the Financial Services Authority, due before Christmas.Smith, who made his name as a pugnacious banking analyst at firms including W Greenwell & Co and UBS in the 1980s and early 1990s, will cease to be deputy chairman at Collins Stewart. But he will stay as chief executive of inter-dealer broker Tullett Prebon. Tags: NULL whatsapp Terry Smith to launch an asset management firm center_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapp KCS-content Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndo Sharelast_img read more