London and Capital model portfolios launched on Nucleus

Independent wealth manager London and Capital has made its discretionary managed portfolios available via wrap platform Nucleus.

According to Neil Michael, executive director of investments at London and Capital, the move is in anticipation of a shift towards cautious investments by advisers, who he said are currently facing a “rocky road” due to the macroeconomic uncertainty.

He said: “With the Euro crisis worsening and a clear lack of political leadership, IFAs more than ever need to be cautious in their investment approach.

“We are now living in a time when IFAs should be looking to conserve their clients’ capital and it is becoming increasingly difficult to find those safe havens out there.”

According to the company, a typical actively-managed, balanced portfolio has returned 6.8 per cent since its inception two years ago, with a volatility of 6.6 per cent from 1 January 2010 to 31 October 2011.

Richard Leigh, joint managing director for L&C, said: “L&C’s macro house view predicts huge amounts of volatility in the months ahead, until at least European politicians can come to some sort of agreement on how to deal with the euro crisis.”

Nucleus yesterday (21 February) claimed advisers making investments through platforms are looking more towards passive options such as tracker funds and ETFs, as they seek to reduce costs in their portfolio.