Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/new-model-adviser/article/a658140
Outsourcing Investment: Why Scottsdale Consulting uses London & Capital
by Neal Underwood on Feb 20, 2013 at 12:01
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
Average portfolio size of adviser clients
Minimum investment limit for clients using the service
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].
News sponsored by:
Today's top headlines
Challenged by growing risk aversion?
Challenging financial markets over recent years have resulted in growing risk aversion among British savers and led many to seek safety in cash. Click here for more.
More about this article:
More from us
- Outsourcing Investment: Why Executive Benefit Services uses Investec Wealth & Investment
- Outsourcing Investment: Why Barlow Financial Management uses Berry Asset Management
- Outsourcing Investment: Why Ethical Investors uses Rathbone Greenbank Investments
- Outsourcing Investment: Why Smith Cooper uses 7IM