Model Portfolios  

7IM adds cautious portfolio to passive range

7IM adds cautious portfolio to passive range

Seven Investment Management has added a cautious portfolio to its passive model portfolio service range.

The new model will sit alongside the five other existing portfolios in the passive range – moderately cautious, balanced, moderately adventurous, adventurous and adventurous plus.

It will be available across 12 platforms and will have the same cost of 0.15 per cent as the other portfolios in the passive range.

Verona Kenny, managing director for intermediary at 7IM, said: “The new cautious model portfolio will offer advisers the perfect option for clients that have a very low risk threshold. It builds on our existing passive range that is designed to provide a very cost-effective and simple solution for advisers to access a well-diversified portfolio to suit a wide variety of client needs.

"We are launching this option as a number of our users expressed an interest in having a lower-risk passive option. We are constantly looking for ways to improve our proposition and service, and are pleased to be able to deliver on feedback from advisers."

The 7IM MPS range consists of its passive, active, blended and Responsible Choice portfolios.

The passive range was launched in 2019 and is built using a streamlined version of 7IM’s strategic asset allocation process.

Earlier this year it launched its Responsible Choice portfolios aimed at clients looking for a multi-asset option with "responsible, ethical and sustainable principles".

In September 7IM posted assets under management of £18bn - an increase of 24 per cent on the previous year.

damian.fantato@ft.com