Baillie Gifford expands into 'robust and exciting' advisory sector for first time

'People need more advice'

Edinburgh-based Baillie Gifford has revealed it has started building a new advisory business in order to better engage with the wider IFA market, while it has also launched a Multi Asset Income fund.

Speaking exclusively to Investment Week, James Budden, head of distribution and marketing, said the group has enjoyed increasing engagement and success within the discretionary fund management and wealth management market over the past five years, but it now wants to tackle the adviser market. He said: "We have invested a good deal in terms of resource and marketing in the DFM/wealth manager space and have managed to establish a strong presence. Baillie Gifford's Slater: Being a long-term investor is a difficult thing to be in this most impatient of industries "However, we are less...