AJ Bell has revealed the details of its new five-strong range of passive multi-asset funds, which are being launched following the acquisition of passive fund specialist Indexx Markets last year.
The suite of five funds will provide advisers with a wide range of client risk profiles: cautious, moderately cautious, balanced, moderately adventurous and adventurous.
The ongoing charges figure (OCF) will be fixed and capped at 0.5%, with the firm waiving the platform charge for holding the funds until January 2019.
The funds will be managed by the firm's investment team including head of fund selection Ryan Hughes (pictured) and Leon Diamond, head of investments.
The products will be available for a fixed price of £1 from 27 March until the funds start trading on 18 April.
Andy Bell, CEO of the firm, said: "Advisers are increasingly turning to passive investment solutions to keep costs low for their clients and many are choosing to outsource investment management to third parties so they can focus on their core financial planning services.
"To meet that demand we have built a range of diversified multi-asset funds and are mapping them to the main risk profiling tools advisers use so they can easily incorporate them into their existing business processes.
"The funds themselves are already very low-cost, but we have also decided to waive our platform fee until at least January 2019, meaning the total cost advisers' clients will pay is amongst the lowest in the market for an investment solution like this."
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