Model Portfolios  

Investment manager launches with model portfolio range

Investment manager launches with model portfolio range

Clifton Asset Management has launched Eden Park Investment Management and partnered with Charles Stanley and Brewin Dolphin to provide discretionary fund management to advisers. 

Via Eden Park Investment Management (EPIM), which received its direct authorisation from the FCA in June, advisers can access two model portfolio ranges. 

The Brunel range will be powered by Brewin Dolphin utilising an active underlying fund manager approach, while the Cabot range, operated by Charles Stanley, will have a passive or index tracking underlying approach. 

Each range is made up of five risk-rated model portfolios, offering cautious, income, balanced, growth and global equity strategies. 

The Brunel range will come at an initial cost of 0.30 per cent, while the Cabot will cost 0.25 per cent. 

The underlying ongoing charges figure (OCF) for the Brunel balanced portfolio is approximately 0.51 per cent and Cabot balanced is 0.14 per cent.

EPIM-principle investment manager, Alan Sippetts, who has previously held senior positions at Heartwood Investment Management, Lloyds Private Banking and Legal & General Investment Management, will lead the new discretionary investment arm.

He said: "We believe that both ‘active’ and ‘passive’ investment approaches have merit and a part to play in building a suitable client portfolio.

"Therefore, under the EPIM umbrella, clients and their advisors will have the choice of one or the other or they can mix or match."

The EPIM portfolios will initially be available on Clifton’s recently launched investment platform Viewpoint Portfolio.

The platform technology is powered by Hubwise and is priced at 0.3 per cent with a fee cap of £800 per annum. 

Sean Osborne, head of national accounts at Charles Stanley, said the passive models that underpinned the Cabot range offered advisers and their clients active management but at a low cost. 

He said: "We are proud that our passive models, which are consistently one of the market leaders when it comes to 5-year performance, are underpinning EPIM’s Cabot range.

"They provide financial advisers and their clients with the best of both worlds, being actively managed but with low cost implementation.

"Our flexibility and regular monitoring in partnership with Eden Park, means we are able to respond quickly to changing market conditions and take advantage of all opportunities.

"We have a globally, unconstrained, multi-asset approach which results in highly diversified portfolios that seek to maximise risk adjusted returns."

Darius McDermott, managing director at Chelsea Financial Services, said: "Brewin’s and Charles Stanley have a good reputation in the MPS arena and the costs appear reasonable on the offerings they have put together for Clifton."