7IM and Brooks Macdonald have partnered to offer the latter’s passive and active managed portfolio service (MPS) ranges through 7IM’s retirement income solution (RIS) on its platform.
The partnership sees 7IM offering the cautious, moderately cautious, and balanced risk profiles across both ranges. The MPS all have actively managed asset allocations.
RIS is 7IM’s bespoke solution for financial advisers designed to control income and mitigate the pitfalls associated with drawdown.
The addition of the two Brooks Macdonald MPS ranges stems from planner demand, and provides them and their clients with greater investment choice when implementing their retirement plans, according to the firm.
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Planners can also access products from 7IM, RBC Brewin Dolphin, Omnis Investments via the platform.
Russell Lancaster, managing director, platform and intermediary partnerships at 7IM, said: “Advisers tell us that they want a consistent process for providing income without having to compromise their investment philosophy – a framework for providing income, not a product.
“We’ve heard them loud and clear, so we are incredibly excited to add Brooks Macdonald to RIS, to offer even more choice for planners and their clients.
“RIS is underpinned by 7IM’s robust investment methodology which uses sophisticated modelling techniques, enabling them to adapt to changing personal circumstances and track the sustainability of their clients’ income.”
Greg Mullins, head of adviser solutions at Brooks Macdonald, added: “Retirement is increasingly providing individuals with more freedom to create an income tailored to their lifestyle.
“However, helping clients achieve effective decumulation is complex, so we are pleased that the addition of our MPS range will enable advisers to offer an even broader range of solutions to their clients.”
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This story originated on our sister title, PA Adviser
