Killik & Co has launched a multi-asset service for clients whose portfolios are worth at least £750,000.
The Panel Portfolio service will steer client assets into cash, bonds, global equities, mid- and small-cap equities, emerging markets or alternatives.
The revamped high-net-worth service will cost 1 per cent of the value of the portfolio, plus a commission of £30 for each transaction.
In addition, an Aim inheritance panel will offer clients a separate portfolio of Aim shares, useful for mitigating IHT through business property relief after being held for at least two years.
This will be subject to a further annual charge of 0.75 per cent of the value of the assets held in this panel.
A broker from the wealth manager will act as a single point of contact between clients and the various market specialists within the firm, working alongside a dedicated wealth planner to consider clients’ financial goals.
Killik says the structure will allow for easier portfolio rebalancing without layering the “opaque” charges often associated with investment outsourcing.
Paul Killik, senior executive officer and founder says: “Diversification and minimising charges are two of the most important factors when building a successful long-term portfolio and we have launched Panel Portfolio to help clients access the expertise of our in-house team of specialists in each market – be it fixed income, global equities or small caps – in a transparent cost-effective way as they journey through life.”