The deVere MPS Range will initially consist of four risk-targeted models and allow investors to gain exposure to the cost-efficient benefits of a passively run investment, while also giving them access to a highly diversified actively managed portfolio.
There is an annual management charge of 0.64% but deVere offered no indication of any investment level requirements.
Each model has been rated to reflect the level of risk the investor is comfortable with and is made up of a cost-efficient combination of passively managed tracker funds, which are specifically designed to work in conjunction with Pacific Asset Management’s (PAM) range of multi-asset funds.
The PAM range is Ucits regulated, daily dealing and highly liquid, investing across active, passive and smart-beta strategies.
Group chief executive and founder Nigel Green explained: “The decision to move to provide our clients with high quality, low cost financial solutions has been made as part of our organisation’s global strategic review.
“It’s a reflection of our commitment to meet the needs and requirements of a rapidly developing industry, evolving client expectations and ongoing monetary policies.”
Green said: “The asset management industry has evolved; costs are more of a predictor of future performance than perhaps was ever realised. As such, we’re set to offer a brand-new model portfolio service comprising of only low-cost tracker and active funds.
“It will consist of a range of risk-targeted model portfolios to match individual client’s suitability requirements.”
He continued: “In a world of ultra-low interest rates and the erosive effects of inflation, it is essential that we continue to offer our clients an extensive range of cost efficient, highly diversified solutions in order that they reach, even exceed, their long-term financial objectives.”
Green added: “By working with Pacific Asset Management, we will be able to give investors exposure to passive funds which match their risk profile in combination with PAM’s ultra-modern range of multi-asset portfolios.”
PAM’s Matthew Lamb added: “We are delighted to be working with deVere Group, who are at the forefront of offering institutional solutions to retail clients in the international space.
“The deVere MPS range balances the cost-efficient advantages of robo-advice with the common-sense overlay of an actively managed solution, allowing deVere to continue to bring the benefits of the industrialisation of the asset management industry to their clients.”
