Almary Green sees surge in demand for 'DFM lite' service

The model portfolio range, run by discretionary fund manager Principal Investment Management, was established in March 2010 and by September of that year had attracted £10m of investment. That figure has subsequently multiplied twice over the following 12 months. Almary Green's service gives investors access to six model portfolios covering a range of risk profiles from cautious through to adventurous. Invested across a diversified range of funds, the portfolios are rebalanced on a quarterly basis. The service is described by the company as ‘discretionary-lite' because investors recei...