Mattioli Woods has chosen T Rowe Price to develop an income-focused model portfolio for the wealth manager’s clients.
The two firms said the product aims to capitalise on the “exciting opportunity set” in income-producing assets.
T Rowe Price’s head of multi-asset solutions Yoram Lustig and multi-asset solutions strategist Michael Walsh have been named investment advisers for the portfolio.
The portfolio adds to the existing range of income products available to Mattioli Woods clients, which includes Custodian Reit, and the £72.8m Property Securities fund.
See also: ’60/40 portfolio not as effective as it once was’ says T Rowe Price head of multi-asset solutions
Dean Cheeseman, Mattioli Woods managing director of client investment solutions, said: “We selected T Rowe Price for its collaborative approach and focus on delivering great client outcomes, something which is increasingly important in the evolving savings and retirement market.
“From its US heritage, T Rowe Price has extensive experience in multi-asset and retirement solutions. Through our partnership, our clients will benefit from the combined experience of Mattioli Woods in financial advice and the global asset management experience of T. Rowe Price.”
Nat Terry, head of UK and Ireland at T Rowe Price, called the move an “important step” for the US firm as it seeks to build out its UK presence.
Mattioli Woods currently manages £15bn in assets under advice and administration.
This article was written for our sister title Portfolio Adviser
