The platform of P1 Investment Services has incorporated PortfolioMetrix, a discretionary fund manager (DFM).
Across a spectrum of diverse risk appetites, PortfolioMetrix will introduce 28 portfolios on the P1 Platform, including its Global Passive range and 21 portfolios with a DFM charge of 0%.
By employing its multi-asset funds as building blocks to create portfolios, PortfolioMetrix is able to achieve the 0% DFM charge, which has several operational and tax benefits.
This partnership is another step in the P1 Platform’s ongoing effort to add reputable DFMs and independent investment managers to its list. The platform now includes 8AM Global, Tatton, 5 Horizons, and Magellan Investment Management, among others that the company added earlier this year.
In addition to offering advisory client management, the platform also offers 14 distinct investment alternatives.
PortfolioMetrix will make use of the newly released Invest Pilot product from P1. Constructed with Microsoft‘s Power Platform, the product facilitates decision-making, collaboration, and operations by allowing users to access it using their Microsoft credentials and utilise it within Microsoft Teams.
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By GlobalDataThe P1 Platform will supply the DFM’s “Insourcing” concept, which provides risk-rated model portfolios that can be customised to an advice firm’s specifications and branded under their name. The adviser’s investment philosophy shapes the models, which are then in line with their chosen risk profiles.
James Priday, CEO of P1 Investment Services, stated: “This addition strengthens the P1 Platform’s reputation as an open investment platform. Our collaboration with PortfolioMetrix is another step in our mission to offer advisers a comprehensive selection of DFMs who prioritise technology and client centric investment management. This partnership aligns perfectly with our goal of delivering efficient, low-cost, and effective solutions, empowering advisers to shape their clients’ financial futures.”
Ben Peele, MD of PortfolioMetrix, added: “This tie-up will give even more advisers and their clients access to our award-winning range of model portfolios. It will also allow more firms to access our leading Insourcing service, which sees us build customised models in partnership with culturally aligned adviser businesses.”
