Vestra Wealth will be the first discretionary manager available on newly-launched third-party discretionary management service from Fidelity FundsNetwork.
FundsNetwork this week launched the platform-based service to allow advisers to use discretionary management services.
Vestra Wealth is already working in partnership with other platforms, including Axa Wealth’s Elevate Partners, to meet increasing adviser needs in preparation for the Retail Distribution Review.
The service aims to give advisers ability to make their own choices over the investment processes they adopt for their clients.
David Scott, managing partner of Vestra Wealth said: “The new FundsNetwork third party discretionary platform service will give advisers the choice of five models which will be managed by Vestra Wealth.
“We have spent significant time developing our models to reflect our in-house market views, ensuring that advisers are working within set risk parameters to cater for their clients’ needs.”
