Barclays wealth and investment management business has launched a range of five risk-rated model portfolios as it looks to further align itself with the IFA community.
Initially available on the Ascentric wrap, the portfolios aim to provide intermediaries with an RDR-ready, outsourced investment solution.
The portflios invest in a combination of active and passive funds, accessing nine asset classes including short maturity bonds, alternatives, property and commodities.
Minimum investment amount is £25,000 and the portfolio charge is 40bps plus VAT. The Ascentric platform charge is 25bps.
Barclays is currently holding talks with other platforms with a view to a wider roll-out of the proposition.
The five risk profiles have corresponding levels of volatility, allowing intermediaries to select the model portfolio most appropriate for a client in terms of risk profile and investment objective, said Barclays.
A profile 3 ‘moderate risk' portfolio has a one-third exposure to developed market equities, with roughly 10% invested in short maturity bonds and 10% in government bonds. The remainder is split across the other six asset classes.
Barclays director Bryan Parkinson said: "The launch of our enhanced discretionary service is a further step in our ongoing commitment to provide intermediaries with a range of RDR ready investment solutions."
Barclays' latest proposition follows launch its Global Markets range which offers a fund of fund structure investing exclusively in passive strategies.
Audio / Visual
This year we celebrate the fifth annual PPR Structured Product Awards. The 13 awards are divided into two, covering the products delivered to market over the past year and the support services that are also essential to the market. All the awards are designed to highlight not just the winners but the strengths and capabilities of the range of providers in this highly innovative market.
Job of the week