The range includes the Managed Portfolio Service (MPS) Defensive, MPS Cautious Income, MPS Balanced, MPS Growth and MPS Aggressive. Risk is classified according to volatility of returns and subsequently equity exposure.
The portfolios have an annual discretionary management charge of 0.3% plus VAT, and a minimum investment of £1,000.
Berry has offered discretionary fund management services to high net worth clients for three decades, but is only now moving to offer services to the “next tier of wealth” via IFAs.
“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 remodelling their businesses to embrace an outsourced investment solution,” said Berry AM CEO Jamie MacLeod.
MacLeod joined Berry AM earlier this year, having previously been chief executive at Skandia prior to his departure in 2009.
