Standard Life Aberdeen has launched a model portfolio service, which will only be available on the Wrap and Elevate platforms run by the company.
The range consists of 15 multi-asset portfolios divided according to five risk levels and is branded Separately Managed Accounts.
They will be made up predominantly of passive funds, with some smart beta investments and a small proportion of active funds.
The model portfolios are to be run by the parent company Standard Life Aberdeen’s Multi Manager Solutions team, which currently manages £27bn of assets.
The service is only available to clients of the Wrap and Elevate platforms.
James Millard, co-head of multi-manager strategies at Standard Life Aberdeen, said: "This is a straightforward, flexible separately managed account service that offers broad diversification and full transparency.
"The choice of investment styles, price points and risk levels makes it suitable for a wide range of investors."
The launch comes at the same time as the company is rolling out a change on its platform that enables automated portfolio rebalancing.
The company believes this will help save advisers time and in turn address the 'advice gap'.
Alastair Black, head of the Wrap proposition at Standard Life, said that for a substantial advice firm, he thinks automated rebalancing saves about twenty hours of adviser work a week.
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