AJ Bell launches active version of managed portfolio service

The range, which is available exclusively on the AJ Bell Investcentre platform, will give advisers greater flexibility to meet a range of client needs by mirroring the firm's existing passive service but with the new portfolios implemented via a choice of actively managed funds. While the majority of underlying investments - expected to number around 15 - will be active funds, AJ Bell said it will only select active funds when it is confident the manager can deliver performance worth paying for. This will give the team the flexibility to use passive investments where it believes that is ...