Standard Life has increased the number of discretionary investment managers available via its SIPP from ten to 22.
It has added: Charles Stanley, JLT Investment Management, JM Finn, Kleinwort Benson, PSigma, Rensburg Sheppards, Seymour Pierce, Smith & Williamson, Speirs & Jeffrey, Vestra Wealth and Williams de Broe.
The selection already included: Standard Life Wealth, Barclays Wealth, Barings, Brewin Dolphin, Brooks Macdonald, Cazenove, Charles Stanley, Deutsche Bank Private Wealth Management, Newton, Quilter, Rathbones and UBS.
"We are currently responsible for over £1bn of discretionary business within our SIPP, for around 3,000 clients," says Alastair Hardie, head of SIPP at Standard Life.
"Advisers are looking to discretionary investment managers to manage large client portfolios with complex investment needs, driven largely by the time and risks involved. We have responded by increasing choice and flexibility through the number of providers on panel. "
Hardie adds Standard Life will review its range of discretionary managers on a quarterly basis and will add more in response to adviser demand.
Three years at Wells Fargo
Effective from 9 December 2019
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