The Model Portfolio Service (MPS) of wealth management company Tilney has been added to the Hubwise platform.
Tilney’s MPS service was launched in 2011 and there are five risk based models and two income strategies available, which are mapped to the risk profile tools of Dynamic Planner and FinaMetrica.
This is the twelfth platform on which the Tilney portfolios have become available.
Lucy Minton, business development director at Tilney said: "Launching our model portfolios on another platform reinforces our commitment to the UK adviser market place.
"We have £180m of AUM in the models across various platforms and more than £2bn of externally advised assets across our bespoke, managed portfolio and unitised DFM offerings.
"Hubwise is a new player in the platform space but has already made big inroads into the market and we are excited to be working with them."
Angus Macdonald, chief executive officer at Hubwise, added: "We are delighted to introduce Tilney’s Model Portfolio Service for our platform users to access. We look forward to what we hope will be a long and fruitful relationship with Tilney."
Hubwise overhauled its platform charges in June 2017 after its relaunch.
The challenger platform also has a five year deal with adviser network Tenet, which sees Tenet provide two white-labelled Hubwise platforms for advisers, one which offers access to Sinfonia Asset Management funds and a restricted version which will allow access to Tenet’s restricted proposition.
David Scott, an adviser at Andrews Gwynne in Leeds, said he prefers not to use model portfolio services as he prefers to offer a service to clients that is more individual in nature.
david.thorpe@ft.com
