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Outsourcing Investment: Why Scottsdale Consulting uses London & Capital

by Neal Underwood on Feb 20, 2013 at 12:01

Outsourcing Investment: Why Scottsdale Consulting uses London & Capital

Mike Wilson, director of Scottsdale Consulting, uses London & Capital, mainly via a platform, to give clients access to the fund manager’s model portfolios.

Number of adviser clients using the service

40

Average portfolio size of adviser clients

£150,000

Minimum investment limit for clients using the service

£5,000

Derisking the business

Milton Keynes-based Scottsdale Consulting took the decision two-and-a-half years ago to start outsourcing clients to London & Capital.

‘It was really just to derisk the business,’ said Mike Wilson, director of Scottsdale. ‘There was a growing realisation that we didn’t have the systems in place to build portfolios and to constantly manage and rebalance them.

‘It felt a comfortable decision for me, although there were one or two advisers who at first felt they were losing something in terms of the value they were adding.’

Service and support

Scottsdale researched discretionary fund managers (DFMs) partly through reading about them and by using Capita Financial Software’s Synaptic database. ‘We also took recommendations from people we know,’ said Wilson. ‘It’s about service and support too, not just the numbers.’

Scottsdale also uses Quilters, Brewin Dolphin and Sanlam.

Wilson said London & Capital’s offering fitted particularly well on Novia, the wrap platform that Scottsdale used. ‘We can use its model portfolios and access them through the platform. It’s very simple. We’re using London & Capital for model portfolios rather than true discretionary [services].

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