Square Mile Investment Consulting and Research has been appointed by Prosser Knowles Associates, a major regional advisory firm based in Kidderminster, Worcester and Cheltenham, to manage a series of six model portfolios. The Prosser Knowles portfolios will aim to deliver varying levels of capital accumulation, meeting their clients' differing risk appetite.

Hosted on the Old Mutual Platform, the portfolios will reference risk as a core consideration governing asset allocation. Each portfolio will be managed in line with Prosser Knowles' internal risk profiling processes as well as other externally managed mandates to ensure consistency and a close fit with clients' specific investment requirements.

Kay Crooke, Practice Manager at Prosser Knowles Associates Ltd, said, "After several meetings with Square Mile, it became apparent that we shared similar investment values: a business model, which like our own, was driven with the needs of the investor at its heart and the desire to deliver performance that always meets clients' expectations. We felt their passion for finding the right investment strategies for individual client's needs, complemented by outstanding research capabilities would prove to be a truly valuable addition to our current offering. In addition, we were attracted by their senior level of client service as a key differentiator from their peer group and we have found them to be extremely responsive business partners."

Mark James, Client Relationships Director at Square Mile, said, "We share Prosser Knowles' belief that suitability should sit at the heart of asset allocation and have worked closely with them to create portfolios that tally with their clients' investment requirements. We are looking forward to working with the Prosser Knowles' team supporting the essential advisory services they offer."