Support services provider threesixty is offering its members a special deal on a discretionary management‘lite' service through Octopus Portfolio Manager(OPM).
The OPM service provides a range of asset focused multi-manager funds which are blended together in varying proportions to meet ten different client risk profiles.
OPM will also adjust its service to meet changing adviser requirements and users benefit from contact with a dedicated relationship manager.
In addition, the service can be integrated with existing risk profiling tools with a ‘read across' to the AKG/threesixty Attitude To Risk descriptions and strategic asset allocations.
There is no minimum investment and transaction fees for the service and investors can access the services through wrappers including an ISA or SIPP.
OPM's TER starts at 1.35% and threesixty has negotiated preferential rates which can be viewed on the threesixty client website under Octopus Portfolio Manager Fee Schedule.
threesixty expects the service will particularly appeal to clients with assets of £100,000- £500,000, where ‘conventional' full-service discretionary management may be too expensive.
It says the service is desiged to provide "absolute distinction around the roles of adviser and investment manager", in line with changes expected post-RDR.
David Ingram, partner at threesixty, says: "Outsourcing of discretionary fund management is increasing as IFAs trying to make their client proposition absolutely clear. They realise while they have many specialities they are often just not great at running money. We want to make sure advisers have the tools they need available to them."
Caring for children and elderly relatives
Similar to June 2007
Square Mile’s series of informal interviews
Fine reduced to £60,000
Two roles created