Liontrust’s multi-asset team will have taken on the management of all five active managed growth funds within Verbatim Asset Management’s portfolio funds range.
Verbatim is part of the Simplybiz Group and provides an end-to-end investment process for advisers.
Liontrust already ran two of Verbatim’s growth funds: FP Verbatim 4 and 6.
Its investment committee has ratified the appointment of Liontrust to run the entire range of growth funds so advisers and clients can benefit from their experience and efficiency.
Dan Russell, managing director at Verbatim Asset Management, said: “Over the past five years, we have delivered tangible results for advisers and clients and our aim is to continue developing Verbatim’s offering.
“Our existing relationship with Liontrust has demonstrated the managers’ significant experience and expertise, in addition to the efficiencies they can afford to advisers, and being able to extend this partnership to cover all of Verbatim’s active managed growth funds is a key part of our future development.”
The funds have total expense ratios ranging between 1.02 per cent and 1.56 per cent and range from cautious, through balanced, to growth.
John Husselbee, head of multi-asset at Liontrust, said: “Being given responsibility for managing the fund range is a great vote of confidence by Verbatim.
“We look forward to bringing our skill and experience to the Verbatim growth funds, and working even more closely with Verbatim and their advisers in managing and growing the FP Verbatim Portfolio Funds over the coming months and years.”