Wellian Investment Solutions, the multi-manager discretionary fund management business of Harwood Capital, has formed a strategic partnership with FiveWays Financial Planning to launch a bespoke managed portfolios range.
The series of managed portfolios will be run by Wellian chief investment officer (CIO) Richard Philbin and investment director Chris Mayo.
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One set of the portfolios is already available on the Nucleus wrap.
FiveWays director Chris Gilchrist said: "Many people talk about outsourcing to investment managers. We much prefer the insourcing approach of Wellian as it allows us to work with their people, philosophy and process as genuine partners and ensure that the portfolios align fully with our risk and suitability assessment process.
"In a world where we are accountable to our clients we need to demonstrate that we are an integral part of the investment process."
Wellian CEO Alan Durrant said: "We expect many more advisers to switch to the insourced model to provide them with a far more robust audit trail and also a deeper understanding of what is happening in portfolios, which can then be shared with clients to demonstrate added-value."
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