Cazenove Capital is expected to offer independent and whole of market fund research, selection and tactical asset allocation, which is bespoke and designed to map directly to the Towergate Financial attitude to risk outcomes.
The launch of active MAPs follows the launch of passive MAPs in November 2009 which are being managed by Evercore Pan-Asset, a London-based asset manager. Both the MAPs provide clients with a range of multi-asset investment portfolios that are risk-rated.
Ian Darby, CEO of Towergate Financial, said: “With our MAPs and our wider private client toolkit we have listened to the needs of our financial planners and built solutions that ensure we are ahead of the game and ready for the post-RDR world.
“In doing so we have built a best of breed toolkit which will enable us to attract the very best advisers and businesses in to Towergate Financial. We are delighted that Cazenove Capital, with their reputation as a leading multi-asset, house are part of this.”
Rob Thorpe, director of UK advisory sales of Cazenove Capital, said: “Our capability in this area is delivered through fund of funds, model portfolios and discretionary fund management making us one of only a few investment businesses that can offer a complete out-sourced investment solution to advisers.
“Towergate have harnessed this in their private client offering which has created a powerful proposition for their financial planners and those advisers considering the post RDR world.”
