Berry AM links with Novia for discretionary offering

The portfolios, which launch this week, consist of Managed Portfolio Service (MPS) Defensive, MPS Cautious Income, MPS Balanced, MPS Growth and MPS Aggressive. Risk return characteristics of each model, which are rebalanced quarterly, are closely aligned with Novia's risk profiling tools. The annual charge is 0.3%, exclusive of VAT, with a minimum investment of £1,000. "It was not hitherto possible to service the needs of those with more modest portfolios, but that has all changed with the Retail Distribution Review, with more and more intermediaries remodelling their businesses to em...