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Rathbones launches managed portfolio service

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Rathbones launches managed portfolio service

Rathbones is launching a managed portfolio service for clients of financial advisers. 

With a minimum investment threshold of £15,000 per account, the service will offer six actively managed strategies. 

The portfolios will invest in one or two of the £476 million Rathbone Multi-Asset Portfolio funds managed by Citywire AAA-rated David Coombs, head of multi-asset and Will McIntosh-Whyte, assistant fund manager.

Labelled Cautious, Balanced, Income, Balanced Plus, Equity and Equity Plus, the strategies are expected to have yields of 1.42%, 1.55%, 3%, 1.65%, 1.46% and 1.14% respectively. 

The Cautious, Balanced and Balanced Plus portfolios will have ongoing charges of 1.06%. The Income, Equity and Equity Plus will charge 1.19%, 1.10% and 1.15% respectively. 

The Income portfolio will provide monthly income, while the Cautious and Balanced strategies will also have income versions, paying quarterly. 

The portfolios can be held within an ISA and will also be available through a number of Sipp providers. 

The funds the strategies can invest in are the Enhanced Growth, Strategic Growth, Strategic Income and Total Return

Mike Webb (pictured), group executive director, said: 'The Rathbone Managed Portfolio Service complements our other offerings to clients, from single strategy funds to bespoke discretionary portfolio management. It’s a new service that invests in existing in-house, multi-asset funds. 

'Unlike ‘model portfolio solutions’, which might only deal monthly or quarterly, and therefore miss opportunities to deal at the best prices, clients of the Rathbone Managed Portfolio Service will benefit from the daily management of the RMAP funds.'

Coombs added: 'This year is likely to see continuing uncertainty, providing opportunities that active managers can exploit, both in stock selection and asset allocation.

'Against this backdrop, investors will require their investments to be managed in a way that will secure returns in real terms – growth and protection on the downside.'

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