Bestinvest, a London-based wealth management firm, has agreed a deal to offer a Jersey-based IFA access to its five bespoke portfolios on the Praemium International platform, International Adviser has reported.
Advisa Group, another Jersey based IFA has already started using the Praemium platform for some of its investment business when Bestinvest has stepped in by building five model portfolios based on Advisa Group’s pre-determined volatility requirements.
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Mark Ommanney, business development manager at Bestinvest, said: "These funds are managed on the same basis as its bespoke DFM offerings but they are bespoke to one of five risk profiles, as opposed to the individual client.
"All of the asset allocation decisions, research and fund selection that underpins our DFM offerings are applied in exactly the same way to our Multi Asset Portfolio funds.
"Advisa access these funds for their clients regular savings, single premium investments and individual and company pension schemes," Ommanney added.
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