Wealth Manager - Essential news for investment professionals

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Ex-Quilter duo launch model portfolio service for GAM

2
Ex-Quilter duo launch model portfolio service for GAM

GAM has launched its discretionary fund management proposition for advisers under the command of ex-Quilter duo Charles Hepworth and James McDaid.

The model portfolio service for the UK IFA market comprises five risk-rated models that cover a range of risk-return profiles, covering capital preservation to full equity market participation.

It provides access to its asset allocation and management selection capabilities through a range of channels, including the new personalised collective account (PCA).

The range consists of:

* GAM MPS Defensive Portfolio, with volatility between 5.2% and 7.8% a year

* GAM MPS Cautious (7.8%-10.4%)

* GAM MPS Balanced (volatility 10.4%-13%),

* GAM MPS Growth (13%-15.5%)

* GAM MPS Global Equity (15.6%-18.2%).

Investors can gain access to the models, which are managed within pre-set volatility ranges, through platforms, segregated accounts and PCA.

GAM said PCA distinguishes GAM’s offering from other collective vehicles and multi-manager funds in the market, by providing cost-effective access in a fund structure while eliminating the requirement for a segregated portfolio.

The account structure also has no restrictions on the number of portfolio rebalances that can be completed on the available asset classes, and is exempt from VAT.

Hepworth said in a statement: ‘We believe the launch of the PCA sets us apart from our industry peers.  It saves the adviser from the time-consuming and costly process of setting up a segregated account and the client from high fixed costs and VAT implications, without compromising on detail.

‘Clients are provided with in-depth reporting that shows the individual performance since the date of their investment, detailed breakdowns on allocations and underlying manager allocation and performance.’

Minimum investments range from £25,000 for the segregated accounts and PCA, then £5,000 via the platforms.

Hepworth and McDaid joined GAM from Quilter last year.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Play Tesco, Japan and the rise of the central banker

Tesco, Japan and the rise of the central banker

 Libby Ashby and leading wealth managers scrutinise the food retail sector, Japan’s consumption tax hike and political risk in the markets.

Your Business: Cover Star Club

Veteran banker boosts Sanlam’s stockbroking team

Veteran banker boosts Sanlam’s stockbroking team

A veteran private banker has been recruited by Sanlam Private Investments to strengthen its advisory stockbroking team.

Wealth Manager on Twitter