Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Thesis Asset Management to launch direct securities model portfolio

Thesis Asset Management to launch direct securities model portfolio

Thesis Asset Management is launching a risk-graded range of model portfolios that invest in direct securities.

The Direct Securities Model (DSM) portfolios will sit alongside the company’s existing offering of active and passive model portfolios that invest in collectives.

Lawrence Cook, director of marketing and business development at Thesis, told Wealth Manager: ‘We want to achieve levels of diversification by allowing clients to invest directly into securities, not just unit trusts. The DSM [portfolios] are already gaining considerable interest and we hope to bring these to market towards the end of this year, aligned again to our seven risk profiles.’

Depending on the equity content and risk profile of each portfolio, Cook estimated the cost savings could be ‘considerable’, with between 15 to 20 basis points shaved off total expense ratios by avoiding the underlying fund managers’ charges. The minimum investment level is £25,000.

The DSM will be available directly through Thesis’s nominee services and the Ascentric platform, although Cook said the firm's directors (pictured) were looking at tie-ups with other platforms.

The firm moved to a single ‘cleaner’ and ‘simpler’ flat-fee structure in May, with the existing all-in charge cut from 1.5% to 1.2% for discretionary clients with portfolios of £150,000 upwards, and the option of a 0.75% annual fee plus brokerage costs removed.

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 HSBC's Stephen King warns of 'enormous' Brexit deficit danger

HSBC's Stephen King warns of 'enormous' Brexit deficit danger

Brexit will weaken the economy, fail to boost exports and lessen the country's ability to fund its 'enormous' deficit, according to HSBC's senior economic adviser Stephen King.

Play Premier's Smith: electricity and water can be a good mix

Premier's Smith: electricity and water can be a good mix

Exposing your person to electricity and water simultaneously is ill-advised, but what about your portfolio?

Play Citywire 10k: video highlights

Citywire 10k: video highlights

Citywire held its sixth annual charity run last week, which hosted over 200 people and raised £14,000. Here are the video highlights.

Your Business: Cover Star Club

Profile: gearing up for the shift from consolidation to start-ups

Profile: gearing up for the shift from consolidation to start-ups

‘I think the industry is evolving rapidly, but not necessarily as a whole,’ says the head of recently launched Charles Nicholson AM

Wealth Manager on Twitter