Barclays launches model portfolios on Ascentric

Initially available on the Ascentric wrap, the portfolios aim to provide intermediaries with an RDR-ready, outsourced investment solution. The portflios invest in a combination of active and passive funds, accessing nine asset classes including short maturity bonds, alternatives, property and commodities. Minimum investment amount is £25,000 and the portfolio charge is 40bps plus VAT. The Ascentric platform charge is 25bps. Barclays is currently holding talks with other platforms with a view to a wider roll-out of the proposition. The five risk profiles have corresponding levels...