Montage Portfolio Management, an Essex-based wealth management company, has launched a discretionary fund management (DFM) service.
The company has plans to release the DFM service to the wider market in October, as reported by fundweb.co.uk.
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Montage has set out a range of 11 risk-rated portfolios using FinaMetrica for the underlying risk score.
According to the publication, advisers who wish to use the service will be given a full risk-profiling pack which they will need to complete with clients before being able to match them to a Montage portfolio.
Further, it will be advisers’ responsibility to determine clients face-to-face on their risk profile, lifestyle, risk capacity and risk required.
The new service aims to attract clients with assets of £150,000 and more.
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By GlobalDataIt plans to attract between £200 million and £300 million assets within two years, including just under £50 million from its own client bank.
At present the portfolios are run on the Seven Investment Management platform; however the Montage plans to make them available through a further three platforms for the wider market launch.
There will be no exit or transfer charges on the proposition.
Montage managing director Peter Montague told fundweb.co.uk, "This is a service for holistic advisers and one which is aimed at high net worth clients."
"Although currently the profiles only run through 7IM we hope to make them available through more platforms where possible, before rolling it out to the wider market," Montague told the news portal.
