Discretionary Portfolio Management

Principal Investment Management has launched its Wealthspace range of mandated portfolios on Ascentric.

Axa Elevate has partnered with Evercore Pan-Asset Capital Management and Collins Stewart Wealth Management to add a further range of discretionary portfolios to its offering.

Fraser Donaldson, insight analyst for funds at Defaqto, says discretionary fund managers (DFMs) are actively targeting the IFA market and providing another choice for advisers.

Sanlam Private Wealth has launched a specialised wrap for advisers outsourcing to discretionary managers.

Assetfirst has launched an "insourced" investment portfolio service offering advisers a low-cost index-tracking solution in a bid to challenge the dominance of discretionary fund managers.

Wealth manager Berry Asset Management (BAM) has linked up with Novia to offer a range of five risk-graded model portfolios.

Apollo has launched a discretionary fund management service with six risk managed portfolios on the Novia platform.

Standard Life Wealth has launched a set of five risk-rated investment strategies on its wrap platform which will form the backbone of its new Managed Portfolio Service (MPS).

London & Capital's Managed Portfolios are now available on Transact as the wealth manager's drive to make discretionary fund management accessible to the mass market gains traction.

Investment manager JM Finn & Co has launched an outsourcing discretionary management service for advisers.