Insurer Zurich Financial Services (ZFS) has announced plans to offer a wealth management service for high net worth individuals with £150,000 or more to invest.

ZFS said the advisory service would be run in conjunction with 7 Investment Management (7IM), a division of advisory stockbroker Killik & Co. It will be launched next month and will also provide telephone and internet facilities and a "wrap" account where retail investors can gain access to advice and institutional fund managers who will manage their portfolios.