Wealth management firm Investment Quorum (IQ) has selected Ingenious Asset Management to manage its six risk-rated discretionary investment portfolios.
Under the partnership, IQ will set asset allocation and investment parameters for Ingenious, which will also maintain oversight for the portfolios.
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However, the discretionary investment model portfolios will remain driven by Investment Quorum and its investment committee, headed by CIO Peter Lowman.
This arrangement, which will be reviewed annually, will give Lowman more time to focus on their advisory and bespoke investment mandates as well as taking the hugely important oversight function on our asset allocation policy and mandate adherence.
The move is aimed at increasing economies of scale and operational efficiencies in a post-RDR environment.
Guy Bowles Ingenious chief executive said: "Our skills and experience are ideally suited to meet the requirements of working alongside IQ on their client investment mandates. In particular our shared belief in the benefits of global, multi-asset investing and our expertise in managing risk make this a perfect partnership."
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By GlobalDataLee Robertson, chief executive of Investment Quorum, said: "As a boutique business operating in a highly regulated environment we are always looking for operational efficiencies and are well known for continually seeking ways to build upon and enhance our client proposition."
