Independent platform GrowthInvest is to launch a regulated discretionary managed portfolio service, offering advisers the opportunity to invest in single companies as well as funds through a discretionary wrapper.
The service will be Financial Conduct Authority-regulated and will allow advisers to pick portfolios of funds as well as companies. Allocations will be EIS only, SEIS only, or a blend of the two on an evergreen basis, with companies being picked by the platform's investment team. The service will go live prior to the tax year end on 5 April. It will be managed by Sapphire Capital Partners, under the investment direction of Boyd Carson. Its investment committee will include GrowthInvest managing director Daniel Rodwell, director general of EISA, Mark Brownridge, Graeme Stenson of Ve...
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