The Lighthouse Group has expanded its recurring revenue streams with the addition of four new LV= Asset Management (LVAM) managed OEIC sub-funds.
The funds will be added to its risk-based multi-manager LighthouseCapital programme. Unveiled last year, LighthouseCapital was introduced to allow the firm’s advisers greater influence over funds under advice, while boosting IFA recurring remuneration rather than initial commission alone.
As part of a “strategic partnership” with the adviser group, LVAM’s multi-manager and fund selection team will manage the new funds. The LighthouseCapital range already includes F&C’s Lifestyle funds.
“We have been at the forefront of developing a robust end-to-end investment process,” Lighthouse Group joint chief executive Allan Rosengren says.
“We look forward to working with LVAM in the launch of these new funds as a further development of this programme.
“For Lighthouse, increased recurring revenues add greatly to our visibility of future earnings and the inherent value of the group."IFAonline
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