Evelyn Partners has launched its Index MPS (managed portfolio service) into the UK financial adviser market.
Previously only offered to direct clients, the range is now available to financial advisers and their clients through multiple adviser platforms.
The five portfolios are suited to different risk profiles: Cautious, Balanced, Growth, Adventurous and Maximum Growth.
The MPS has active asset allocation and regular rebalancing, with underlying exposure deployed through a portfolio of passive strategies, including index funds and exchange traded funds. The team is headed up portfolio manager Dan Caps.
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The annual management fee is 0.15% and it is open to accounts with a recommended minimum value of £20,000.
Alongside the management fee, the estimated ongoing charges on the underlying funds and ETFs in the portfolios is 0.10%.
Matthew Spencer, head of intermediaries, said: “We are excited to make our competitively positioned Index MPS range available to the financial adviser market to meet the growing demand for low-cost, accessible portfolio management solutions.
“In the advice market, Index MPS will now sit alongside our Active, Core and Sustainable MPS ranges, each of which have distinctive features, as well as our discretionary portfolio service and the Cash and Cautious Bond Portfolio strategy we have recently launched to the adviser market.”
This story originated on our sister title, PA Adviser.