Hawksmoor Investment Management has launched a new range of model portfolios following a revamp of its service.
Management of the range, featuring 12 strategies, has moved to the firm’s discretionary business from its fund management arm.
The revamped range will be managed by the research team featuring private client chief investment officer and Wealth Manager columnist Jim Wood-Smith, senior investment analyst Ian Woolley and senior fund analyst James Clark (pictured).
In addition to the personnel change, Hawksmoor has cut the annual management charge across the range from 0.3% to 0.25%, plus VAT.
‘The management of the range has changed because it’s better aligned with our introducers and advisers and processes on the discretionary side of things,’ Clark said.
The model portfolio service was initially launched in 2010. Clients will now have three choices: core, higher income and sustainable.
Each has four risk levels. Clark said the portfolios will have a headline number of 18 to 20 funds to provide a good level of diversification. Expanding the range also means that the team can invest in more funds.
‘Troy Trojan Ethical Income for example, we hadn’t previously used it in the one [sustainable world] model, but the expansion of the range provides us with opportunities,’ he said. ‘It’s a great chance for us to use different funds in different places.’
The portfolios are available to advisers on six platforms.
Clark added: 'This is enhancing the availability for advisers. For us it is really important to try and provide a solution for every client. It is a really good opportunity and we’re really excited.'
Hawksmoor last week said City veteran and serial investor David Kempton would step down as chair, handing over to Plymouth Argyle Football Club backer and former chair James Brent.
Kempton – a star columnist for Wealth Manager sister title Citywire Funds Insider – initially joined the board of the Exeter-based company in 2009, after taking a stake in the-then fledgling fund house.
He will remain on the board as a non-executive director and retains a significant equity investment in the company.
Before his involvement in the South West’s largest football franchise, Brent, who joined the Hawksmoor board a year ago, spent 25 years with Schroders, rising from being its youngest ever director to heading real estate at Citigroup, following its acquisition of Schroders’ investment bank.