Stonebridge Group has revealed details of its wealth management proposition, Cathesis Wealth Management, a joint venture with Moneygate.

The mortgage and protection network announced the partnership with financial services company, Moneygate, in October this year.

Stonebridge made the decision to concentrate on its core activities in mortgages and protection and build a wealth structure to support its mortgage partners. There are now approaching 150 mortgage and protection advisers throughout the UK working within the Stonebridge business.

The wealth management arm is now looking to grow its proposition into 2012.

Currently, Stonebridge is working with its 65 appointed representative (AR) firms to enhance their wealth management lead-generating ability using its newly launched Point of Sale system, Revolution.

Stonebridge is looking to establish six new regional wealth centres to complement its existing presence.

Within Cathesis, Moneygate takes total responsibility for the compliance and advice delivered by the wealth management advisers. Moneygate are also responsible for the advisers’ training and ongoing CPD needs, plus it develops their services through areas such as wraps and platforms. Stonebridge will continue to support the wealth advisers in terms of lead generation, sales support, branding, marketing and business development.

Richard Adams , managing director of Stonebridge Group, said: “We have considerable expertise in the mortgage and protection sectors however with Cathesis we have designed a proposition which is completely dedicated to the needs of our wealth management advisers. Our advisers are nurtured and developed through the joint venture with Moneygate and supported in terms of business sources through our proven experience. Our network firms introduce a significant lead stream to our wealth managers and we believe there are strong levels of business volumes to be achieved.