Advisers on the Transact platform have been given access to Saltus discretionary fund management services.
The link-up will see management of the model portfolios outsourced to the discretionary fund manager, which already has ties with Ascentric, Novia, Nucleus and Praemium.
Saltus' partner Dan Kemp says the portfolios come with no additional fees.
"The beauty of the way that we invest is that we can run risk management on a portfolio basis with overlays for currency and tax wrappers," he says.
"We are running portfolios on a real time basis across all platforms so what you see is what you get - which is something that traditional model portfolios which invest in a handful of long-only funds simply cannot offer."
Malcolm Murray says Transact has accommodated third party discretionary fund managers for eight years with a number of different agreements with fund managers.
"However, about a month ago we consolidated into a single agreement the third party discretionary management system," he says.
Transact head of operations Mark Links adds: "Working with discretionaries like Saltus has helped us tailor our existing discretionary service, something our advisers are asking for.
"We find that we can help manage some of the complexity involved with these third party arrangements and deliver discretionary managers with useful tools to help administer their model portfolios."
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