PSigma relaunches discretionary service

PSigma Investment Management is relaunching its discretionary management service as the firm looks to capitalise on the adviser community’s preference for outsourcing solutions ahead of the retail distribution review (RDR).

Managed Portfolio Service (MPS), previously called Wealth Management Solutions, offers four risk-adjusted investment strategies and aims to deliver "equity style returns with lower volatility" via a multi-asset approach.

The four strategies - Cautious, Balanced Income, Balanced and Growth - are designed to reflect varying attitudes to risk and deliver "real rates" of return using inflation-plus benchmarks.

A number of different asset classes including both core and satellite funds comprise the four strategies which will be managed using PSigma's qualitative risk analysis system and quantitative asset allocation tool.

Annual AMC is 1% with a TER (including all underlying fees from funds within the strategies) held at a maximum of 1.75%.

The firm said it has been able to keep costs down through the sole use of institutional units and an increased use of physically-backed passive funds.

"With RDR encouraging many intermediaries to reconsider the feasibility of offering the full investment management process themselves, we firmly believe our relaunched Managed Portfolio Service will prove a popular outsourcing solution, allowing them to delegate the administrative and regulatory responsibility of a clients' portfolio," said PSigma chief executive officer John Howard-Smith.