I am delighted to share some positive updates with you regarding TAM’s development.
As of Friday 3rd November, we concluded a strategic deal with the Amber River Group Limited (Amber River) enabling TAM to offer its MPS services to Amber River businesses in over 30 locations across the United Kingdom, accessing over £10bn in assets under influence.
We had been searching a long while to find a UK strategic relationship that could help take TAM to the next stage of growth, whilst also ensuring that any firm was aligned with our business direction and ethos.
From the outset, it became clear that Amber River shared our belief in unprecedented client support and delivering high-quality product at competitive pricing, and that every client should be able to access expert-run model investment portfolios regardless of wealth. TAM, with its new relationship, is in a strong position to further expand our market share and build an increasing awareness of our low-cost and innovative investment solutions.
Our award-winning business has developed over the years, climbing to more than £600mn in assets under management. We were an early adopter into the ESG/sustainable investment space and are at the forefront of Sharia markets.
Your ongoing partnership and trust have been instrumental in TAM's success, and we want to express our sincere gratitude for your continued support. We value our relationship with you and look forward to further strengthening it as we embark on this exciting new phase of growth with Amber River.
Moreover, in alignment with our dedication to the highest standards of service, TAM reaffirms its commitment to the recently introduced Consumer Duty obligation. This means placing our clients' needs at the forefront, ensuring transparency, and consistently delivering good consumer outcomes. Our new partner, Amber River, shares this commitment, making our collaboration even more aligned with the values that matter most to you.
It is important to note that these developments do not affect your clients, nor their investment portfolios, in any way whatsoever. There is no change to the TAM operation – its investment product, management team or admin team support. We assure you that we remain 100% committed to providing the usual exceptional TAM service with the same diversified product.
However, if you do have any queries regarding our new relationship with Amber River, please do not hesitate to contact me, I will be very happy to speak with you.
With kind regards,
Lester Petch
CEO, TAM Asset Management Ltd