Having launched its model portfolio service (MPS) for advisers and wealth managers in April last year, Isio is looking at how it can incorporate private assets.
Isio's MPS is made up of seven low-cost outsourced investment portfolios. These include five multi-asset portfolios ranging from ‘cautious' to ‘adventurous', as well as an equity-focused portfolio and an income-focused portfolio. The MPS has an annual management charge of 0.15%, with total costs estimated to be in the region of 0.3% - 0.45%. Private markets is currently a "hot topic" in the industry, according to Isio head of distribution Mike Hanlon. "We don't currently have private assets in the MPS," Hanlon explained, "but we are looking at alternatives generally." Rather...
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