Seven Investment Management (7IM) has launched a new managed investment service for advisers who do not want discretionary fund managers to meet their clients.
The firm said clients would benefit from its "global, active asset allocation-driven approach", and reassured it "remains in the background" to give advisers more time with their clients.
"Many advisers tell us they want to access 7IM's strategies but with full control of their client relationships, while maintaining ongoing responsibility for suitability," said 7IM head of business development Robert Poulten.
"This new service allows advisers to do just that - drawing on 7IM's experience, expertise and resources to tailor bespoke investment proposals, and with support on tax allowance optimisation, and ongoing due diligence."
A typical portfolio is expected to cost around 1.2%, which includes discretionary services fees, VAT, the underlying security charges, custody and reporting.
7IM has also enhanced its model portfolio service by expanding the number of asset classes to include alternative investments. Its discretionary management service has also been upgraded.
Poulten added: "All advice firms have different proposition and service models. These new discretionary service enhancements give the widest choice of DFM configuration to suit an adviser's business and their clients."
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