Aubrey Capital Management, the Scottish boutique founded by former First State alumni Andrew Dalrymple (pictured) and Barry McCorkell, has expanded its reach with the launch of a cheaper platform service.
The house will distribute bespoke discretionary service on Ascentric for minimum investment of £250,000, half that of its non-platform business.
The DFM sits alongside a model portfolio service launched last year.
The MPS, first revealed by Wealth Manager, consists of six risk-based strategies available to clients with more than £50,000 offered on four adviser platforms: Nucleus, Ascentric, Novia and Transact.
They are also available to clients direct through Aubrey’s own discretionary platform.
The DFM will follow the same principles as the MPS and will use a combination of high active share funds and lower cost passives.
Aubrey investment director for private clients Chris Sutton said: 'This expansion will allow advisers to access a tailored or specific investment strategy for part or all of a client’s platform assets while retaining the benefits, reporting options and client control that Ascentric provides.
'The bespoke option will also potentially allow the use of a wider set of asset types including, for instance, UK listed shares where these are deemed by the adviser to be appropriate for the client’s strategy.'