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Bellpenny teams up with Charles Stanley for MPS access
by Elsa Buchanan on Feb 17, 2014 at 10:00
Bellpenny's advisers can now access a suite of low-cost model portfolios through a partnership with Charles Stanley.
The portfolios are run by Charles Stanley Pan Asset and are based on the firm's one to six risk-rated range, which has been risk profiled by Distribution Technology and has total costs of around 0.45% per year.
Dominic Rose (pictured), Bellpenny’s acquisitions and sales director, said in a statement: 'This allows us to deliver incredibly low investment costs, which we believe is an essential ingredient in maximising long-term returns.'
Christopher Aldous, managing director of Charles Stanley Pan Asset, added: 'The models have been tailored to be compatible with Bellpenny’s preferred investment platforms and have been risk rated by Distribution Technology to ensure they fit with the financial planning team’s client risk profiling approach.'
Bellpenny, which is supported by global investment management firm Oaktree Capital, has been boosting its proposition, with the recent acquisition of the Glasgow-based wealth manager MGW, which brought £141 million in assets, and financial planning firm The Country Partnership from Cheltenham. The latter, which had almost £200 million in assets was Bellpenny's biggest single transaction to date.
The firm had £1.3 billion in funds under management in October 2013, just over a year after launching.
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