P1 Investment Services has today (4 September) added discretionary fund manager PortfolioMetrix to its platform.
PortfolioMetrix will launch 28 portfolios on the P1 Platform, including its Global Passive range and 21 portfolios with a DFM fee of 0%, across a range of different risk appetites. PortfolioMetrix achieves the 0% DFM fee by building portfolios using its multi-asset funds as building blocks which has numerous operational and taxation benefits.
This collaboration continues the P1 Platform’s drive to enrich its roster with high-quality DFMs and independent investment managers. Earlier this year, the company added 8AM Global, Tatton, 5 Horizons and Magellan Investment Management to the platform. There are now 14 different investment options on the platform, on top of the ability to manage clients on an advised basis.
PortfolioMetrix will be using P1’s recently launched Invest Pilot tool. Built using Microsoft’s Power Platform, the tool can be accessed with a user’s Microsoft credentials and can even be used from within Microsoft Teams making decision making, collaboration and operations easier.
The DFM’s ‘Insourcing’ proposition will also be available through the P1 Platform, offering risk-rated model portfolios, which can be tailored to an advice firm’s needs and branded in their name. The models are shaped by the adviser’s investment philosophy and aligned to their preferred risk profiler.
James Priday, CEO of P1 Investment Services, said: “This addition strengthens the P1 Platform’s reputation as an open investment platform. Our collaboration with PortfolioMetrix is another step in our mission to offer advisers a comprehensive selection of DFMs who prioritise technology and client-centric investment management. This partnership aligns perfectly with our goal of delivering efficient, low-cost, and effective solutions, empowering advisers to shape their clients’ financial futures.”
Ben Peele, MD of PortfolioMetrix, added: “This tie-up will give even more advisers and their clients access to our award-winning range of model portfolios. It will also allow more firms to access our leading Insourcing service, which sees us build customised models in partnership with culturally aligned adviser businesses.”
