The multi-asset fund of funds range from defensive to adventurous. Four funds have been launched already: HC Stirling House Defensive, HC Stirling House Balanced, HC Stirling House Growth and HC Stirling House Dynamic, targeting low to medium/higher risk.

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The fifth fund, the higher risk HC Stirling House Adventurous fund, is set to launch later in the year.

Stirling House is seeking to raise an initial investment of GBP100 million.

The funds carry a minimum investment of GBP5,000 and an annual management charge of 0.7%.

The wealth management firm, has appointed Sarasin & Partners to manage the investments of the five-strong range.

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Stirling House chief executive Neil Francis said: "The launch of these new funds is the culmination of a detailed review into how we can best serve clients with a set of investment solutions matched to their attitude to risk and individual suitability."