Discretionary investment manager Albemarle Street Partners has unveiled a ‘Value for Money’ report and a portfolio illustration tool for advisers.
The report has been designed exclusively for the firm’s independent adviser clients, providing them with a measure of the cost-effectiveness of their clients’ portfolios. Additionally, the portfolio Illustration tool will allow advisers to create customised investment projections for clients.
The Value for Money tool allows financial advisers to measure how much more or less their clients’ portfolios have made after fees, compared to buying a cheaper passive, multi-asset, alternative. This is particularly important considering the Consumer Duty requirement that firms provide fair value to their customers, by ensuring that the products and services they offer provide tangible benefits that are worth the cost.
The report shows a Value for Money score that measures the relative performance of a portfolio managed by Albemarle Street Partners against a basket of passive multi-asset funds that can be accessed by a retail client through retail platforms in the UK. This will enable financial advisers to provide clients with insights into the value they are receiving from their investments.
In addition to the Value for Money report, Albemarle Street Partners has also launched its ‘portfolio illustration’ tool. This will enable advisers to create customised investment projections in the accumulation phase of a client’s life, but also assess how varying income requirements or lump sums removed from a portfolio will affect the longevity of a portfolio in drawdown.
The tool considers the inflation, income and individual cashflow requirements for clients based on the estimated returns of portfolios managed by Albemarle Street Partners. By providing this level of personalised investment advice, Albemarle Street Partners is enabling advisers to deliver support for their clients.
Chris Holdoway, investment director at Albemarle Street Partners, said: “We recognise the importance of cost as a significant driver of investment outcomes, and that’s why we created the Value for Money tool. Our goal is to ensure our adviser clients are equipped to meet the standards required by the Consumer Duty regulation, by providing an objective measure of the value their clients are getting.”
