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February 25, 2014updated 04 Apr 2017 2:29pm

Charles Stanley adds collectives portfolio service to five platforms

Charles Stanley has added its discretionary investment management service, called collectives portfolio service (CPS), to five platforms.

By Verdict Staff

Charles Stanley has added its discretionary investment management service, called collectives portfolio service (CPS), to five platforms.

The service, which includes 12 actively, managed model portfolios, will invest in collective investment products and will provide clients with a managed exposure to third party fund managers, according to Investment Week.

According to Charles Stanley, all of the CPS portfolios will be risk rated by Distribution Technology.

The service will be available on five platforms including Ascentric, Aviva, Fusion, Novia and Nucleus.

Andrew Clotworthy, director of intermediary sales at Charles Stanley, said: "The suite of portfolios has been created taking into account the views of many financial advisers who wish to be able to offer their clients a wide range of investment objectives."

Clotworthy added that each solution will be charged a maximum of 0.3% plus VAT.

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