Openwork is to launch a discretionary fund manager (DFM) in April, led by former Tilney Bestinvest head of investment Toni Meadows.
Building on Openwork's existing investment proposition Omnis, the new DFM will offer "cost-effective, tailored" solutions to clients seeking to outsource asset allocation decisions. Omnis has £4.2bn of assets under management across 10 specialist sector funds run by Woodford Investment Management, Schroders and Threadneedle. Its ‘Graphene' fund range, which will work particularly closely with the DFM, offers three risk-rated model portfolios: cautious, balanced and adventurous. Meadows (pictured) was head of investment services at Towry, which was acquired by Tilney Bestinvest last...
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