In total 12 new Fidelity funds will be added to the managed solution service, which offers three different Fidelity investment approaches across five risk profiles.
The 25bps service fee will be waived for advised clients, while on-going annual charges for the Allocator range will start at 0.68%.
Advisers will be able to access the full platform services, including fees, for the flat price of the funds.
The platform is designed to help advisers establish a client’s risk appetite, and targets clients looking for both actively managed open architecture and those who prefer actively managed funds in low-cost index trackers.
There are currently around 1200 funds on the platform, and it is accessible to both advisers and private investors.
FundsNetwork is headed up by Pat Shea, who was appointed in November last year following the departure of David White.
