Schroders Personal Wealth (SPW) has rolled out its inaugural range of risk-rated multi-asset portfolios, our sister publication Portfolio Adviser has revealed.
The range is made up of six portfolios investing in equities, bonds and alternatives. It includes the SPW Cautious, Discovery, Balanced, Progressive, Dynamic and Adventurous portfolios.
It represents the first portfolio funds that SPW has launched within its authorised corporate director which was set up in December last year.
SPW will set the mandate and have oversight of the range while Schroder Investment Management will manage the investments. The range will invest mainly in Schroders funds but will also contain third-party funds.
The funds will be exclusively available to clients of SPW and carry a fixed ongoing charge of 0.65%, a one-off advice fee of 1.75%, as well as Benchmark Capital’s 0.2% platform fee.
‘Achieve investment goals’
Schroders Personal Wealth chief investment officer Marcus Brookes said the launch represented an “exciting milestone” for the company and “a significant step on our journey towards becoming a top financial planning business in the UK”.
He added: “The portfolio funds will allow us to support our clients in helping them to achieve their personal ambitions. Whether they’re looking to invest to ultimately buy a property, fund family events, retire early or leave a nest egg to their children or grandchildren, the SPW Portfolio funds provide extra flexibility and choice.
“When combining this with the extensive range of high calibre investment expertise at Schroders, we truly believe this is another way for our Personal Wealth advisers to help clients towards reaching their investment goals.”
Earlier this week, Schroders unveiled a separate range of six risk-rated portfolios that combine active and passive management.
Last month, Portfolio Adviser revealed former Openwork boss Mark Duckworth will join as chief executive in September, replacing Peter Hetherington who stepped down from the role after less than a year.
For more insight on UK wealth management, please click on www.portfolio-adviser.com
