F&C Investments has signed a distribution partnership deal with IFA firm Thinc Group.
Thinc, with over 250,000 active clients and £2bn worth of funds under advice, will use the F&C Lifestyle range as its active managed investment solution across its expanding client base.
F&C says its four recently launched F&C Lifestyle funds – Defensive, Cautious, Balanced and Growth - are multi-manager portfolios which provide an asset mix “tailored to fit the risk and return profile of specific categories of retail investor”.
It says the portfolios are designed to match the asset allocations derived from a third-party risk profiling tool with the underlying funds selected by F&C's multi-manager team led by Richard Philbin.
To ensure that each of the portfolios remains suited to the appropriate investor risk-profile, F&C says the asset allocation on each fund is rebased each quarter.
This seamless solution, it says, enables advisers to respond effectively to the issues raised by the FSA's treating customers fairly initiative.
Jon Everill, group professional services director, at Thinc Group, says: “Key to our approach to financial planning is to ensure the overall suitability of advice, as well as the quality of each underlying investment.
“We have been impressed with F&C's robust multi-manager fund selection process, which has been extremely effective in identifying funds with consistency qualities.
“Within the Lifestyle range this fund selection process teams up with a clear approach to risk profiling which is driven by our advisers interacting with and understanding the needs of their clients.”
John Yule, head of retail distribution at F&C, adds: “Even initially well constructed portfolios with the right asset allocation and a good choice of underlying funds can drift out of shape over time so that they no longer reflect the requirements of the client.
“The Lifestyle funds help address this problem while at the same time ensuring that the individual fund holdings are closely monitored and continue to be selected from leading managers from across the entire available fund universe.”
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