Berry AM links with Novia for discretionary offering

Author: Will Roberts
IFAonline | 03 Jun 2011 | 12:05

Categories: Investment

Topics: Discretionary Portfolio Management| Novia

handshake

Wealth manager Berry Asset Management (BAM) has linked up with Novia to offer a range of five risk-graded model portfolios.

The portfolios, which launch this week, consist of Managed Portfolio Service (MPS) Defensive, MPS Cautious Income, MPS Balanced, MPS Growth and MPS Aggressive.

Risk return characteristics of each model, which are rebalanced quarterly, are closely aligned with Novia's risk profiling tools. The annual charge is 0.3%, exclusive of VAT, with a minimum investment of £1,000.

"It was not hitherto possible to service the needs of those with more modest portfolios, but that has all changed with the Retail Distribution Review, with more and more intermediaries remodelling their businesses to embrace an outsourced investment solution," said BAM CEO Jamie MacLeod.

BAM is a majority-owned subsidiary of the Geneva-based global private banking group Bordier & Cie.

 

More investment news

Recommended reading

Categories

Topics

Comments

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment

Related articles

Most Read

Audio / Visual

Coffee Lounge

View all the winners here

PPR Structured Product Awards 2011

View all the winners here

This year we have 14 awards designed to mark out the very best products in a highly competitive and innovative market. This includes three new awards for 2011 to reflect the developments in this rapidly growing market: Best Dual/Multi-Index Product, Best Structured (Oeic) Fund and Best Structured Product Provider.

Events

event logo

International Fund & Product Awards 2012

14 Jun 2012 - 14 Jun 2012

London, UK

event logo

British Mortgage Awards 2012

03 Jul 2012 - 03 Jul 2012

London, UK

event logo

Cover Webinars

04 Jul 2012 - 04 Jul 2012

London, UK

Poll

Are you more likely to use a Structured Product for:

In Focus

Viewpoints