Scottish investment manager Aubrey Capital Management has selected the Ascentric platform to introduce a new discretionary fund management service (DFM).
The new proposition will enable advisers to offer their clients a customised investment solution, with the provision to apply objectives and risk levels across varied individual wrappers for a single client or a family group.
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The underlying investments offered through the service will target income or growth or both based on a client’s requirements.
Aubrey investment director for private clients Chris Sutton said: “This expansion will allow advisers to access a tailored or specific investment strategy for part or all of a client’s platform assets while retaining the benefits, reporting options and client control that Ascentric provides.”
Clients can open an account for a minimum investment of £250,000, with 1% as annual management fee.
“The bespoke option will also potentially allow the use of a wider set of asset types including, for instance, UK listed shares where these are deemed by the adviser to be appropriate for the client’s strategy or where such investments are already held and an adviser is looking for a platform route via which these can be managed, again either as part of a longer term strategy or where these are being sold down over time, within, for example, CGT constraints,” Sutton added.
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