Whitechurch to launch risk-rated model portfolios
Whitechurch to launch risk-rated model portfolios in September, as firm becomes latest to target adviser outsourcing ahead of RDR.
Whitechurch Securities is launching three risk-rated model portfolios to allow advisers to outsource their investments ahead of the RDR.
The firm is working with a third party risk-profiling firm to launch cautious, balanced and growth portfolios.
Gavin Haynes, managing director at Whitechurch, said he was “seeing an increased demand from advisers looking for risk-rated models”.
He said advisers were looking for a risk stamp by a third party rather than just a discretionary manager’s internal risk-rating.
The portfolios, which will be managed by Mr Haynes and investment manager Ben Willis, will carry a minimum investment of £3,000 and have an annual management charge of 0.5 per cent.
Mr Haynes said the models will invest in collectives and will be primarily focused on active funds, but will invest in some passives.
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