Brooks Macdonald has partnered with Firenze to offer its clients access to Lombard lending solutions.

The partnership enables Brooks Macdonald to provide its clients and those of its independent financial adviser (IFA) partners with access to portfolio-backed lending facilities.

This will allow liquidity to be unlocked without selling investments or transferring custody.

Brooks Macdonald said that this can support access to funds for a variety of goals, including property purchases, intergenerational gifting, tax planning, and short-term liquidity.

Firenze is aiming to ‘democratise’ Lombard lending beyond the traditional landscape of private banks.

The firms said that this mission complimented Brooks Macdonald’s approach to working with clients to enable them to get the most of their long-term investment strategies.

“We are always looking for new ways to enhance the value we deliver to clients and advisers,” commented Brooks Macdonald chief executive officer, Andrea Montague.

“Partnering with Firenze allows us to offer a flexible, efficient lending solution that complements our investment and financial-planning services.

“Lombard lending provides clients with the ability to access liquidity while staying invested, an increasingly valuable option in today’s market.

“Alongside our Retirement Strategies and our Centralised Investment Proposition, the addition of Lombard lending strengthens Brooks Macdonald’s ability to serve our clients throughout their lives, from accumulation to retirement and with intergenerational wealth transfer.”

Firenze chief executive officer, David Newman, added: “Brooks Macdonald represents the very best of UK investment management, client-focused, forward-thinking, and deeply trusted by advisers.

“We’re delighted to be supporting their teams and clients with access to Lombard lending facilities that can provide liquidity without the need to move assets to private banks.

“It has been great to work with the Brooks Macdonald team. Their commitment to delivering investment services to their clients, partnered with Lombard lending, exemplifies a shift in how clients are managing their portfolios.”

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