Smith & Williamson Investment Management has moved to build up its DFM outsourcing capability to advisers by making six discretionary model portfolios available on Novia.
The firm’s Defensive, Defensive Income, Balanced Income, Balanced Growth, Growth and Dynamic Growth model portfolios will be put on the platform to allow access from all IFAs, having only been previously available through select groups.
The portfolios are based around Distribution Technology’s Dynamic Planner risk-rated models 3 through to 8 and are overseen by Smith & Williamson multi-manager head James Burns and portfolio managers Peter Lowe, David Amphlett-Lewis and Nick Marshall.
Smith & Williamson Investment Management head of IFA sales Mickey Morrissey says: “This is a strategic decision by Smith & Williamson to work with a leading adviser platform that is already used widely by IFAs for its guided architecture capability and functionality.
“Our guided architecture capability was set up last summer for Verbatim and has worked well but we were keen to make it available to a broader intermediary market.
“We know there are a number of firms offering this type of service but feel confident that the combination of our size, ownership structure, financial strength, performance, service proposition and the depth and experience of our investment personnel will be attractive to advisers.”