PSolve, one of the newest kids on the UK consulting block, has become more discriminating about taking on clients after four years of heady growth.

Since 2001, clients have applauded the way PSolve is prepared to take a stand on dynamic asset allocation far removed from the caution of larger firms. The consultant has become the fifth-largest in the UK, advising 120 clients with funds totalling £15bn (€22bn). It also has discretion over 20 funds totalling £1.2bn, plus a wealth management arm.