Stenham Wealth Management (Channel Islands) (SWM) and investment firm ED Group Holding Limited have partnered to create a privately-owned wealth management and investment advisory business in Jersey.

ED Group will acquire a majority shareholding in SWM from departing shareholder Stenham Asset Management Holding Limited.

The transaction is due to complete later this month.

There will be no change to SWM’s existing team, which comprises David Baker, Allan Stewart and Tracey Walker as directors, Gill Thompson-Daly, compliance officer and Sarah Lonergan, executive assistant.

SWM’s managing director D...