Oakglen Wealth has been appointed by the board of Libero International, as well as Blacktower Financial Management, to manage its Libero International SICAV PLC Nexus portfolio funds.

In addition, the funds have now gone live.

Furthermore, Oakglen has been chosen by Blacktower to manage its new portfolio management service; this will be a discretionary solution that blends portfolios from Libero funds, Nexus Global Solutions, the Nexus Global Dynamic Portfolio, and the Nexus Global Cautious Portfolio.

John Westwood, group chairman, Blacktower Financial Management Group, said: “The launch of the blended international Portfolio Management Service underpins our expanding Libero fund range, continuing to provide excellent service to our clients. This significant appointment brings substantial cost-saving benefits and underscores our commitment to providing a premium service at a competitive price, guaranteeing optimal outcomes for our clients in line with the new Consumer duty.”

Dominic Tayler, managing director, Oakglen Wealth UK, added: “Oakglen is delighted to expand its service to Blacktower to support their clients in achieving the right outcome.”

As previously announced in March, investment director Nick Davis and chief investment officer Jeff Brummette will have oversight of the portfolios.

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Moreover, the move is an aspect of Blacktower’s continuous effort to provide clients with an offering that will enhance performance, spur steady expansion, and optimise investment returns.

Investors can expect portfolios that are more concise and geography-agnostic while remaining focused on each primary goals.

The Nexus Global Solutions Portfolio is intended to preserve wealth while also providing capital growth in the medium term. It is an actively managed, internationally diverse equities portfolio with the goal of capital gain.