Selestia and Hornbuckle Mitchell will begin actively marketing their joint Sipp offering from August...
Selestia and Hornbuckle Mitchell will begin actively marketing their joint Sipp offering from August. The groups are currently finalising the product's branding and charging structure and signing off tailored applications for the Sipp.
Mark Stubbs, managing director of Hornbuckle Mitchell, is confident the combination of his group's wrapper and Selestia's automation of process will attract more intermediaries into the Sipp market.
The product will automatically disinvest assets across the underlying portfolio to ensure a steady flow of cash into the client's Sipp cash account. The portfolio is rebalanced annually to a pre-determined asset allocation.
'Cash management is the main problem intermediaries face when running Sipp portfolios for clients,' Stubbs said. 'The intermediary needs to ensure sufficient investments are encashed to keep paying income.'
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till