Invesco has hired Brewin Dolphin’s Ben Gutteridge as director of its newly launched model portfolio service.
The global investment firm announced last week (September 27) Mr Gutteridge would join the company in the new year, becoming responsible for delivering Invesco’s new £1 MPS targeting advisers.
Invesco launched the service as an actively managed solution for advisers. According to the firm, the portfolios will cater for a range of investment goals, risk appetites and across asset classes.
The MPS is initially available on the Fidelity FundsNetwork, Aviva and 7IM platforms for £1 per client per month — capped at £70 per firm per month.
Financial advisers can also access the portfolios through an app which, allows ‘one-click’ acceptance of portfolio changes and clients to accept recommendations quickly and remotely.
Mr Gutteridge spent 16 years at Brewin Dolphin, most recently as head of fund research.
In this role he was in charge of Brewin Dolphin’s collective investment recommendations across all asset classes and also played a role in Brewin Dolphin’s own MPS, responsible for investment decisions and client servicing.
Mark Humphreys, head of client solutions EMEA, said: “We have been delighted by the reception to our MPS so far, and with Mr Gutteridge’s appointment we look forward to growing and refining it further.
“As financial services providers, it is essential that we understand the evolving challenges advisers face, and we believe that our market leading MPS helps meet these.”
Chris Lyes, head of retail distribution at Invesco, added: “His experience and understanding of the UK investment market alongside his years working with advisers across the country make him a perfect fit with Invesco.
“Consumer expectations and preferences are changing, challenging financial services providers to reconsider how they serve their clients and help them achieve their investment goals.
“We are helping meet these challenges by offering advisers access to Invesco’s global network of investment experts through a technologically sophisticated service that saves advisers time, maintains their independence and keeps them front and centre of the end investor experience.”
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