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Wealth boutique to launch online investment service

Wealth boutique to launch online investment service

TAM Asset Management is launching an online investment service designed to help IFAs cater for smaller and uneconomic clients.

The firm’s Focus suite of four risk-rated model portfolios, along with its four-strong ethical range, can be white-labelled by advisers and bolted onto their website.

The service is set to launch next quarter and the portfolios will carry an all-in fee of 0.65% with no minimum investment.

TAM, which has around £270 million in assets under management, exclusively works with intermediaries, and has no imminent plans to target clients direct.

Chief executive and former Wealth Manager cover star Lester Petch (pictured) said the proposition will enable advisers with dormant, uneconomic or execution-only clients to continue to service them on a non-advised basis.

‘A lot of advisers have dormant clients and they have some obligation to them, but when they only have a small amount of money, they can be uneconomic to advise,’ he said.

‘Through this digital platform, the clients can access individual portfolios on a non-advised basis and they remain on the adviser’s books.’

The firm’s Balanced fund, which has been renamed TAM Eagle online to reflect it is a non-advised sale, is up 46.1% over five years versus the IA Mixed Asset 20-60% sector average return of 41.2%.

 

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