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Wealth boutique signs up two IFAs to online service

Wealth boutique signs up two IFAs to online service

Boutique private client firm TAM Asset Management has signed up two more IFA firms to its online investment service.

The white-labelled proposition is designed to enable advisers to offer a range of TAM’s model portfolios to clients on a non-advised basis.

Kent-based Richard Alexander Financial Planning (RAFP) and RMI in Leicestershire are both set to go live with the service in the next
few weeks.

Delivered by TAM subsidiary FinchTech, the suite of funds comprises cautious, balanced, growth and adventurous portfolios, alongside four ethical ones, for which TAM charges an all-in fee of 0.65%.

RAFP principal Richard Alexander said the arrangement will enable him to offer investment management to both smaller and uneconomic clients, and those individuals that favour an online, direct service.

‘We chose it in recognition of the fact it’s a changing world and some people want to do more things for themselves. We are seeing an upturn in the number of firms trying to provide direct services,’ he said.

‘We think this is a superior proposition, because it has active management behind it. It’s tried and tested with a real track record.’

TAM CEO Lester Petch (pictured), a former Wealth Manager cover star, added: ‘IFAs are realising that they need a digital proposition and we are in talks with a number of firms.’

The company’s online investment service went live in January, with its first IFA partner, West Yorkshire-based Symphony.

 

 

 

 

 


 

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