City Financial is to launch risk-targeted funds later this year as it continues to expand the scope of its forthcoming Adviser Centre research proposition.
The new funds will be built using the Adviser Centre’s fund research - which is led by ex-OBSR chiefs Peter Toogood and Gill Hutchison - and will be mapped to risk-profiling specialist Distribution Technology’s (DT) risk profiles.
The fund manager has also struck a deal with DT to provide research services to users of DT’s Dynamic Planner tool. The development will mean advisers using Dynamic Planner will have access to City Financial’s Adviser Centre research when choosing funds to match a client’s risk profile.
Mr Toogood, investment director at City Financial, said: “Taking our investment research, which supports our multi-asset activities, and delivering it within Dynamic Planner is a very exciting proposition. Advisers have been telling us they are looking for a complete solution that fits in with their requirements to service their clients’ needs and we believe this development meets that need.”
He added that the risk-targeted funds were set to be “lower cost, lower turnover” products and will be separate from City Financial’s existing multi-asset funds, run by Mark Harris.
The DT research link-up is scheduled to go live from July this year, following the Adviser Centre’s planned launch on April 30. The funds will be developed at a later stage.
