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March 24, 2017

Rathbones rolls out new managed portfolio service

British wealth manager Rathbones has introduced a new managed portfolio service for customers of financial advisers, effective from 3 April 2017.

By Verdict Staff

British wealth manager Rathbones has introduced a new managed portfolio service for customers of financial advisers, effective from 3 April 2017.

The new Rathbone Managed Portfolio Service will comprise six actively managed strategies and will be offered on an execution-only basis.

The strategies, categorised as cautious, balanced, income, balanced plus, equity and equity plus, will target yields of 1.42%, 1.55%, 3%, 1.65%, 1.46% and 1.14%, respectively.

Rathbones said that the portfolios will invest in one or two of the £476m Rathbone Multi-Asset Portfolio funds, which will be managed by David Coombs, head of multi-asset investment, Rathbone Unit Trust Management, and assistant fund manager Will McIntosh-Whyte.

The new service has a minimum investment threshold of £15,000 per account, and will be available with self-investment personal pension (SIPP) providers.

Commenting on the launch, Coombs said: “This year is likely to see continuing uncertainty, providing opportunities that active managers can exploit, both in stock selection and asset allocation. Against this backdrop, investors will require their investments to be managed in a way that will secure returns in real terms – growth and protection on the downside.”

Rathbone Brothers group executive director Mike Webb said: “The Rathbone Managed Portfolio Service complements our other offerings to clients, from single strategy funds to bespoke discretionary portfolio management. It’s a new service that invests in existing in-house, multi-asset funds.

“Unlike ‘model portfolio solutions’, which might only deal monthly or quarterly, and therefore miss opportunities to deal at the best prices, clients of the Rathbone Managed Portfolio Service will benefit from the daily management of the RMAP funds, and the experience of a team that has demonstrated positive returns through different market conditions.”

Rathbone Investment Management head of investment management (regions) Andrew Morris said: “The Rathbone Managed Portfolio Service allows clients to access a range of risk profiles with a private client level of reporting, and we believe that this combination will prove an attractive addition to Rathbones’ range of investment services.”

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