Söderberg & Partners Asset Management has launched a model portfolio range for UK-based advisers.
The Nordic firm said it believes the offering will help advisers meet their obligations under Consumer Duty rules.
There are three versions of the MPS: active, low cost and sustainability focused.
Each of the three core ranges has four risk-graded model portfolios: Adventurous, Growth, Balanced and Cautious. The model portfolios feature a blend of active funds and passive index trackers.
The new range is run by Söderberg & Partners’ investment arm in the Nordics, which has a team of 35 professionals.
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The portfolios are available on Söderberg & Partners’ own adviser platform and selected others including Aviva, Transact and Quilter. Charges range from 0.07% for the Adventurous Core portfolio, to 0.65% for the Adventurous Active Core, with a discretionary management charge of 20 basis points.
Fredrik Börjesson, head of Söderberg & Partners Asset Management, said: “We are proud to unveil our DFM solution, offering a suite of model portfolio solutions that meet a wide range of client needs.
“In the era of Consumer Duty, advisers must consider client outcomes and value for money in all their product choices. We believe the low-cost options available in our Core range in particular, will help deliver consistent returns in a cost-effective way.”
Fidelius stake
In a separate but related matter, Bath-based adviser Fidelius confirmed FCA approval has been received for Sӧderberg & Partners to acquire a stake in the business.
The deal for the Nordic firm to buy a ‘significant minority stake’ in Fidelius for an undisclosed sum was announced in January.
Fidelius said it has ‘ambitious growth plans’ and is aiming to double the size of its business within the next five years.
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It intends to achieve this through a combination of IFA acquisitions, a partnership model for individual advisers, technology to support client service, building relationships with the wider professional community, and leadership changes.
Chief executive Jim Grant is stepping down after 12 years in the role, handing his day-to-day responsibilities to chief operating officer Ian Fowler. Grant will become executive chairman.
Meanwhile, chairman Mike Bennett and non-executive director Graham Miller are stepping down from the Fidelius board.
Grant said: “I am delighted that the FCA has now approved our application and, with Sӧderberg’s support and expertise, we can now put in place the exciting plans we have devised to deliver our next stage of growth.
“I would like to congratulate Ian Fowler on his progression to the role of CEO. He has the skill, drive and determination to lead Fidelius on the next stage of our journey.”
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