Seven Investment Management (7IM) has launched a managed investment service for advisers.
The offering is in response to advisers that have requested the services of a DFM, but want it to remain in the background rather than meeting with the end client.
The new 7IM Managed Investment Service will create, manage and maintain client portfolios across actives, passives and alternatives, all with active currency management.
Head of business development for 7IM Robert Poulten says: “Many advisers tell us they want to access 7IM’s strategies but with full control of their client relationships, whilst maintaining ongoing responsibility for suitability.
“This new service allows advisers to do just that: drawing on 7IM’s experience, expertise and resources to tailor bespoke investment proposals, and with support on tax allowance optimisation, and ongoing due diligence.”
The new service complements the existing model portfolio service, launched five years ago, and full discretionary management service.
The latter has also been enhanced with clients now having the choice of unitised or segregated portfolios, and to its manager selection service where portfolios can be added to with other fund managers, blended into the bespoke client portfolios, but with unified client reporting.
Poulten says: “Whether the adviser wants us to meet their clients or not, provide administration support or not, wants segregated or unitised portfolios, onshore or offshore investment solutions, onshore or offshore custody, and a platform/ custodian of their choice – 7IM has the DFM solution that fits with their requirements.”