Thesis Asset Management is to launch a decumulation portfolio service next week, which will aim to deliver long-term income while mitigating the near-term risks of investing.
The ‘Managed Income Service', which carries the same 0.75% management fee as the firm's existing model portfolios, is designed to allow an adviser to recommend a level of income to withdraw. Thesis said the service could accommodate different income withdrawal rates. The service will be invested in two broad asset types - lower-risk defensive assets, aimed at wealth preservation, from which the desired income should be derived; and higher-risk growth assets, aimed at wealth accumulation and intended to increase the portfolio value over time. Lawrence Cook: Five factors for a successf...
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