Thurleigh strategies on Novia after tie-up
Thurleigh Investment Managers has partnered with Novia Financial to make its investment expertise available to IFAs.
Advisers using Novia’s wealth management platform will be able to choose from four global, multi-asset strategies managed by Thurleigh’s investment team.
The four strategies are branded very low risk, low risk, medium risk and high risk.
Charles MacKinnon, chief investment officer of London-based Thurleigh, said: “This is a natural fit for us as we have managed our portfolios on a model basis. These models have our full attention. We do not have in-house funds, we do not have a financial advisory division and this is the entirety of what we do.”
He said that due to the retail distribution review there would be a growing demand for its services from the IFA community.
Mr MacKinnon added: “At a time when the appropriateness of risk is under scrutiny, the clarity and transparency of our strategies should help IFAs to explain to their clients what risk and return profile to expect.”
Tony Catt, compliance officer for Tyne and Wear-based True Potential, said: “I think that this type of partnership will help IFAs. In the current economic climate and time of change within financial services, advisers need to get as much help as they can.
“Advisers are now ready to outsource investment duties in an admission that they simply do not have the required level of expertise or time to construct their own investment strategies and portfolios.
“Outsourcing to ‘expert’ fund managers makes perfect sense, particularly since this may also transfer the liability for the investment advice.”
