Garraway Capital Management has launched a discretionary fund management platform and a range of risk-rated model portfolios aimed at IFAs.
It said the platform is designed to help advisers reduce the regulatory burden so that they can focus on servicing clients, claiming the underlying technology, Fundament, can add clients “within minutes rather than days”.
The platform can be white-labelled and IFAs can add clients and transfer any existing investments, including tax wrappers, as well as choose from a range of active model portfolios. Investors can assess their investments via an app.
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The eight model portfolios are risk-rated from 2 to 8, with portfolio 1 being pure cash. The portfolios are managed by a team led by head of multi-asset Mark Harris (pictured) and including senior investment analyst Pushpanshu Prakash and alternatives fund specialist Simon Newell.
Harris joined the firm in March last year when Garraway absorbed troubled City Financial’s UK and Ireland Ucits funds, totalling £240m in assets.
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The all-in fee for the service is 0.99%, including the DFM service, fund charges, tax wrappers, platform costs and VAT.
Garraway managing director Hiren Patel said: “Despite the global disruption caused by Covid-19, it’s business as usual for Garraway as we continue to offer the best in service to our clients. The launch of our DFM service represents a natural progression for the business since Mark and the multi-asset team joined us.”
