Rathbones has launched a managed portfolio service consisting of six risk-rated actively-managed strategies, which will invest in the range of multi-asset funds run by David Coombs.
The Rathbone Managed Portfolio Service will be available to clients of financial advisers from 3 April on an execution-only basis, whereby Rathbones implements client instructions following advice received from a financial adviser.
The six strategies have been risk-rated by Distribution Technology to suit different risk and return objectives and invest in one or two of the multi-asset funds run by Coombs (pictured), head of multi-asset investment at Rathbone Unit Trust Management.
The strategies will be labelled cautious, balanced, income, balanced plus, equity and equity plus. The income strategy aims to provide regular monthly income, while the cautious and balanced strategies are also available in income versions, paying quarterly distribution.
Each of the strategies have return and volatility targets and maintain a focus on achieving real returns.
Mike Webb, group executive director of Rathbone Brothers (pictured), said: "The Rathbone Managed Portfolio Service complements our other offerings to clients, from single strategy funds to bespoke discretionary portfolio management. It is a new service that invests in existing in-house, multi-asset funds.
"Unlike 'model portfolio solutions', which might only deal monthly or quarterly, and therefore miss opportunities to deal at the best prices, clients of the Rathbone Managed Portfolio Service will benefit from the daily management of the multi-asset funds, and the experience of a team that has demonstrated positive returns through different market conditions."
Andrew Morris, head of investment management (regions) at Rathbone Investment Management, said: "The Rathbone Managed Portfolio Service allows clients to access a range of risk profiles with a private client level of reporting, and we believe that this combination will prove an attractive addition to Rathbones' range of investment services."
Coombs, lead manager of Rathbones' Multi-Asset Portfolio funds, said: "This year is likely to see continuing uncertainty, providing opportunities that active managers can exploit, both in stock selection and asset allocation.
"Against this backdrop, investors will require their investments to be managed in a way that will secure returns in real terms - growth and protection on the downside.
"By drawing together expertise from across Rathbones and capturing the best ideas from the broadest possible global universe of individual securities and funds, we look to provide that within a set of risk parameters."
The new service has a minimum investment threshold of £15,000 per account and clients will receive telephone and email access to a dedicated UK-based client service team, secure messaging for client communications and trade instructions and a comprehensive reporting package, which includes a year-end tax pack to help investors or their accountants complete self-assessment returns.
The strategies can be held within an ISA and will be available with a number of SIPP providers.
Don't miss Professional Adviser's Multi-Asset Roadshow, which visits Birmingham, Bristol, Harrogate, London and Manchester between 25 April and 4 May 2017.
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