UK-based Seven Investment Management (7IM) has introduced a new bespoke managed investment service for advisers who do not want discretionary fund manager to meet with clients.
The new service will cost advisers nearly 1.2%, which will include underlying fund expenses such as VAT, custody and reporting charges and security charges.
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7IM has also enhanced its five-year-old model portfolio service by adding more asset classes to include alternative investments. The company’s discretionary management service has also been enhanced.
7IM head of business development Robert Poulten said: “Many advisers tell us they want to access 7IM’s strategies but with full control of their client relationships, whilst maintaining ongoing responsibility for suitability.
“This new service allows advisers to do just that – drawing on 7IM’s experience, expertise and resources to tailor bespoke investment proposals, and with support on tax allowance optimisation, and ongoing due diligence.
“All advice firms have different proposition and service models. These new discretionary service enhancements give the widest choice of DFM configuration to suit an adviser’s business and their clients,” he added.
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