Thomas Miller launches model portfolio service

The service will allow investors with more than £50,000 to invest in a range of model portfolios, which themselves invest in the same securities as the firm's largest institutional clients. The annual management charge (AMC) is 0.4% per annum, plus platform fees. The launch is a response to the need for competitively priced, transparent investment solutions in the post Retail Distribution Review (RDR) world, the firm said. The model portfolios have been risk mapped by FinaMetrica on a scale of 0-100 against the risk profiling tools it provides to financial advisers. This allows ...