Standard Life Wealth has launched a set of five risk-rated investment strategies on its wrap platform which will form the backbone of its new Managed Portfolio Service (MPS).
IFAs using wrap platform will be able to choose from five strategies which will be actively managed by Standard Life Wealth in an expansion of the firm's discretionary management offering.
"Standard Life Wealth is about bringing the best institutional investments techniques to bear on client portfolios and up until now this has meant we have had to restrict this expertise to clients with more than £500k to invest," said Standard Life Wealth CEO Richard Charnock. "Advancements on our wrap platform mean we can now offer our discretionary expertise to more people."
The five strategies have been set up with different levels of risk and different target returns. Standard Life Wealth says the portfolios have been specifically created to provide a strong match with modern goals-based planning approaches.
The aim at all times, it says, is to minimise volatility for the given target return and therefore maximise the certainty of the client achieving his or her goals. Standard Life Wealth's investment team will adjust the portfolios to respond to changing market conditions and views on the underlying managers.
As the service is fully embedded on the wrap platform, IFAs can benefit from up-to-date holdings and performance information.
Standard Life Wealth strategy & business development director David Tiller said an important consideration when launching the portfolios was not to create a "me too" proposition.
"In creating the portfolio strategies we have looked to retain the purity of our investment approach," he said. "Unlike other MPS approaches, which rely solely on the standard universe of retail funds available on wrap platforms, we have linked them to institutional-grade investment techniques via our exclusive Strategic Investment Allocation fund."
He added: "This fund, when combined with the rest of the portfolio, allows us to greatly enhance portfolio diversification and take a more dynamic approach to the management of portfolio risks. The net result is the client receives a more consistent and predictable return for investors."
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