Stonebridge Group has joined forces with Moneygate to grow the wealth management side of its business.

Moneygate will now take total responsibility for the compliance and advice delivered by the existing Stonebridge wealth management advisers. Moneygate will also be responsible for the advisers’ training and ongoing CPD needs and will develop their services through areas such as wraps and platforms.

The new venture will be branded as Cathesis Wealth Management.

Stonebridge Group says it will continue to support the wealth advisers in terms of lead generation, sales support, branding, marketing and business development.

Stonebridge Group and Moneygate says they are committed to growing and developing the wealth management proposition and are looking to increase the number of advisers who will benefit from this arrangement.

Richard Adams , managing director of Stonebridge Group, said: “For Stonebridge Group we have looked to partner with an expert in its field