Ex-Ruffer investment director, Harry Sevier, has launched Lulworth Investment Management, an independent discretionary investment manager under the regulatory umbrella of P1 Investment Services.
As part of the launch, Lulworth Investment Management is also introducing a series of absolute return, time-horizon focused portfolios. The portfolios will be launched on the low-cost P1 Platform and will be available across other investment platforms in due course, providing flexibility to advisers and clients.
The suite of model portfolios are tailored to distinct client needs: Growth, Income, and Ethical mandates, and each are designed around clear time horizons. The firm’s approach balances active management with an emphasis on capital preservation and growth in real terms, regardless of market direction. Lulworth will work with private clients, charities and advisers.
Alongside its model portfolio service, Lulworth offers tailored discretionary services for clients seeking one-to-one portfolio management.
Lulworth’s founder, Sevier, started his fifteen-year career at Ruffer as an investment associate, latterly becoming an investment director and partner. At Ruffer, he managed discretionary portfolios for private clients, families and charities whilst also being an ESG and ethical investment specialist.
Sevier said: “The ongoing consolidation in the wealth management industry often leaves clients underserved, with limited choice and a lack of personal service. Lulworth was founded to challenge this trend, whilst providing thoughtful portfolios for an uncertain and potentially volatile economic environment ahead.
"By partnering with P1 and using their innovative technology, like their Invest Pilot, it lets us focus on investment management while being committed to high-touch, tailored client servicing without being bogged down in paper and admin.”
James Priday, CEO of P1 Investment Services, said: “It’s great having Harry and Lulworth partner with P1. Harry and his team bring an innovative approach to wealth management. We’re excited to be able to support another investment manager taking the opportunity to develop their own proposition and build their business.
"This partnership underscores our commitment to offering a diverse range of portfolios and investment solutions that meet the nuanced needs of advisers and their clients.”
Lulworth is the sixth investment manager to be hosted by P1 Investment Services, joining Corrival, 5 Horizons, Magellan, Pangea and Elston Consulting.
