Ex-BlackRock VP sets up model portfolio provider
Firm will offer impact investment-focused products looking to tackle climate change and social inequality
ANNOUNCEMENT: UK Adviser is now PA Adviser. Read more.
Firm will offer impact investment-focused products looking to tackle climate change and social inequality
46% of UK wealth managers plan on using model portfolios more extensively over the next two years
Deal adds £800m in assets under management
It plans to cut acquired firm’s fees to 0.15%
As it prepares to bolster MPS range with responsible and sustainable portfolios
It will have a DFM charge of 0.25%
As the companies sign a three-year distribution deal
Products will be on mainstream platforms
To protect investors from sequencing and shortfall risks in retirement
Annual management charge will be 0.2% with OCF capped at 0.75%
Shortly after rival Schroders unveiled its own low-cost range
Portfolios will be made up of funds that exclude exposure to ‘controversial sectors’