Jupiter is preparing to add a cautious product to John Chatfeild-Roberts' £7bn Merlin range, Investment Week understands.
The Mixed Investment 20-60% Shares sector continued to prove popular with investors in May, figures show.
A traditional portfolio construction is no longer adequate to protect against risk, a poll of advisers has found.
Saltus has launched a suite of discretionary multi-asset portfolios on the Nucleus and Novia wrap platforms.
Net retail sales of UK domiciled funds reached £2.1bn in April, the highest level since April last year and well above levels seen over the last nine months.