Nucleus has launched its low-cost managed portfolio service IMX which it says takes an institutional investment approach and challenges “overpriced” DFMs in the market.
Professional Adviser revealed the adviser platform's plan to launch a managed portfolio service (MPS) service to advisers and clients in April last year. At the time, one commentator dubbed the move a "poacher turned gamekeeper" scenario. Nucleus said IMX had been through a successful soft launch and was now fully available to advisers. It said the MPS offered a wide range of portfolio options to suit a broad range of clients' potential investment goals, with a range of 11 income-focused portfolios and 12 growth portfolios. It worked with institutional pensions consultant Hymans Ro...
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