The five risk-graded portfolios include managed portfolio service (MPS) defensive, MPS cautious income, MPS balanced, MPS growth and MPS aggressive.
Reportedly, each model’s risk return characteristics will be closely aligned with Novia’s risk profiling tools, with annual discretionary management charge of 0.30%. Minimum investment is set at GBP1,000.
Berry Asset Management CEO Jamie MacLeod said it was not hitherto possible to service the needs of those with more modest portfolios, but that has all changed with the retail distribution review, with more and more intermediaries remodeling their businesses to embrace an outsourced investment solution.
"Our intermediaries are delighted that we are now able to make our investment expertise more widely available." MacLeod said
