Independent pension and financial services consultants Hymans Robertson has rolled out its Tailored Portfolio Service (TPS) to financial advisers in the UK.
While the service provides all the tools linked to outsourcing investments, it can be tailored to financial advisers and their clients’ needs, the firm said.
The TPS offers model portfolios that are managed according to the advisory firm’s mandate, as well as give access to sustainable income tools.
Hymans Robertson said it will work in partnership with “each adviser to create an investment proposition that meets the specific needs of their customer segments, advice process and business models”.
The launch of TPS marks the first time the consultancy firm enters the UK retail space, as it has traditionally delivered bespoke investment advice only to large institutional clients.
Remove advisers’ burdens
Stephen Birch, managing partner at Hymans Robertson Investment Services, said: “We’re thrilled to be launching our Tailored Portfolio Service and are looking forward to working closely with advisers.
“We’ll listen to our clients and develop model portfolios that meet their requirements and believe we’ll be able to help these firms become more cost-efficient and, vitally, be able to offer better outcomes for their clients.
“We’ve a lot to offer with TPS. Not only are we able to leverage the experience of our existing investment team, which includes over 100 researchers, modellers, technology developers; but we can also offer cost savings through the benefits of scale through having influence on over £250bn ($350bn, €290bn) in assets.
“Our aim is to develop relationships with retail advisory firms that are long-lasting and we hope to build partnerships with those that have a similar culture and values to our own.”
‘Important role’
William Marshall, Hymans Robertson’s retail chief investment officer, added: “Financial advisers perform an important role in helping individuals meet their financial goals.
“By working with them to build model portfolios, which are in their name and aligned to their investment process, we can give them the means to successfully fulfilling that role.
“We believe that our experience of building robust, well governed portfolios can improve investors’ future outcomes. There is also an ever-increasing regulatory burden falling upon advisers such as demonstrating responsible investment and the potential impact of the sustainable finance disclosures regulation.
“This can be daunting. By supporting advisers with our TPS we can help them meet these regulatory challenges and, indeed in cases, we can remove some of this burden.”
