Adviser platform AJ Bell Investcentre has launched a third-party managed portfolio service (MPS) which will offer clients access to external discretionary fund managers.
The MPS, which will sit alongside AJ Bell's multi-asset funds and its existing AJ Bell MPS option, will initially give advisers access to managed portfolios from FE fundinfo and LGT Vestra. Brewin Dolphin is due to be added to the service soon, while other third-party MPS partners will be added to match demand. Clients will pay AJ Bell's existing platform charge when using the new service as well as the charge levied by the MPS provider. Billy Mackay, marketing director at AJ Bell Investcentre, said: "Expanding our model portfolio service to include external portfolios alongside our o...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
