Octopus Group investment platform subsidiary Seccl has joined forces with high net worth investment service Wealth Club to launch the Quality Shares Portfolio investment range.
Actively managed by ex-Hargreaves Lansdown investment manager Charlie Huggins, the Quality Shares Portfolio allows Wealth Club members to invest in a small number of 15-20 ‘high conviction’ companies either through their stocks and shares ISA or via a general investment account (GIA).
The portfolio will soon also be available within a newly-created Wealth Club self-investment personal pension (Sipp) – all powered by Seccl’s infrastructure of software and services, including custody, investment operations and digital tax wrappers.
Seccl launched its own custom-built accumulation pension towards the end of last year, with drawdown functionality anticipated soon.
Alex Davies, chief executive of Wealth Club, said: “We are proud of the reputation we have built as the leading online service for high net worth and sophisticated investors. The launch of our Quality Share Portfolio is an exciting next step in our journey, allowing us to provide a broader range of investments to support our fast-growing membership.
“The calibre of Seccl’s technology and expertise has allowed us to launch this new proposition to our members with remarkable speed and ease – and we are excited to work with them as we continue to add strength and depth to our range of listed portfolios.”
David Ferguson, chief executive of Seccl, added: “Wealth Club is a brilliant business that’s built on a simple premise: they deliver a consistently excellent service to their customers. They’re the latest proof of how firms of all shapes, sizes and pedigrees can harness Seccl’s embedded investment platform to build tailored, future-proofed investment experiences – then bring them to market at incredibly low cost and in record quick time.”
