Rothschild Asset Management has made several changes to its portfolio management service including l...
Rothschild Asset Management has made several changes to its portfolio management service including lowering the initial investment level.
This has now been reduced from £5,000 to £3,000 which will allow Rothschilds to offer a mini Isa product on the independently managed funds as well as the maxi Isa currently available. A cash option has also been introduced within the portfolio service. This allows investors to make tactical switches into cash for example, during periods of market uncertainty.
All or a part of the assets can be converted. When the investor chooses to return the assets into securities this can be in a lump sum or by phasing in the money more slowly.
David Orr, head of retail marketing at Rothschild, said: "The sale of the units will still potentially incur capital gains tax but the assets stay within the service and the administrative process is more straightforward.
There has also been some changes in the sales team. Paul Duck, formerly a member of the broker support desk, has been promoted to sales manager for the Midlands. Sarah Moon, formerly a member of the broker services desk at Fidelity, has joined Rothschild's broker services support team.
Consistency and compliance vs. slower reaction time
Search for replacement to begin imminently
60+ £300bn ISA savings
Has technology moved on?
Total funds on list rise from 26 to 58