Manchester wealth management specialist, King Street Wealth Management, is celebrating the relaunch of its brand with a vocal and proud commitment to making a positive impact in its local community.

The firm, formerly Raymond James King Street, invited staff, clients, family, friends and community partners – including local sporting legend Diane Modahl of the Diane Modahl Sports Foundation – to join the team at the King Street Townhouse last night to formally unveil the new company name and share the company’s vision for the future.

Managing director Mark Parello explained the thinking behind the relaunch:  “We want to build a brand that matches our core values. We were part of the Raymond James family since we launched four years ago, and it’s been a great journey so far, but Matthew (chief investment officer) and I strongly feel that now is the right time to establish a more distinct brand of our own that communicates a wider message beyond our core business offer. ”

“Helping others and having a positive impact in our community is a key part of the company’s future. We’re committed to achieving it through both our client work and through our community efforts. That’s why we’re proud to partner with the Diane Modahl Sports Foundation, our first official community partner. Tonight is about celebrating that and looking to the future.”

Diane says: “It’s exciting to see King Street Wealth Management relaunch with a renewed focus on helping others. They’re already a valued supporter of the Diane Modahl Sports Foundation and they’ve already helped to raise over £50,000 for the foundation. ”

“We’re really excited to be part of their future. The foundation’s aim is to empower young people in all aspects of their lives through sport, like young Reddish athlete Aimee Pratt. Aimee is is on track, with the support of the foundation, to qualify for the Tokyo 2020 Olympic Games 3,000m steeplechase. She’s just one of many inspirational young people who will benefit from partnerships like the one between our foundation and organisations like King Street Wealth Management. ”

Mark and Matthew started working together four years ago when they launched as Raymond James King Street, part of the American family of wealth management companies. In the four years since they’ve taken on two members of staff and managed assets worth in excess of £100 million.

Chief investment officer Matthew Singleton sees a clear link between King Street Wealth Management’s business and its community commitments.

“Our corporate vision is about helping people achieve financial independence. As a business, we want to enrich the lives of our clients, improve outcomes and force improvement in our industry. We’re a business, but we’re also members of our community and we want to play our part in enriching lives there too. ”

“We’re grateful to Diane and all at the Diane Modahl Sports Foundation for helping us improve our impact locally. Both Mark and I passionate about sport and the societal benefits it brings – from fostering resilience to improving health – so we’re thrilled to be able to support Diane and her team in making sport accessible to all, especially those living in economically disadvantaged areas. It’s been a great partnership so far and we’re excited about how we can work together in the future.”