Brooks Macdonald is seeking to expand its product range, including an aggressive fund of funds and passive versions of existing funds, according to FTAdviser.
The discretionary manager plans to launch more funds after completing its expansion of regional offices later this month with a new office in the Midlands, said chief executive Chris Macdonald.
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Mike Divers will move over from the London office to head up the Midlands office and the team will be built around him.
Macdonald said the firm was currently conducting market research to gauge investor appetite for more funds.
Macdonald is looking to expand two product ranges including the unitised versions of some of its model portfolios and a range of more niche funds investing in UK agriculture and student accommodation.
Macdonald said:"We have a barbell approach to funds: unitised versions of our discretionary portfolios and very niche funds and we do not look to play the middle ground of standard UK equity income funds because there is probably too many of those."
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By GlobalDataHowever, he wanted to gauge real interest first because a lot of people say they want to be more aggressive but in reality they don’t," he added.
The firm is also looking to launch a range of passive versions of the funds, using the same asset allocation as the active range but investing in index trackers.
The new office was key for the firm’s focus on serving financial advisers and intermediaries situated throughout the country. "I am getting between five and 10 opportunities approaching me every month, which is just staggering," Macdonald said.
