Advisa Group had already started using the Jersey–based Praemium platform for some of its investment business when Bestinvest stepped in by building five model portfolios based on Advisa Group’s own pre-determined volatility requirements.
Mark Ommanney, business development manager at Bestinvest, said these funds are managed on the same basis as its bespoke DFM offerings but they are ‘bespoke’ to one of five risk profiles, as opposed to the individual client.
“All of the asset allocation decisions, research and fund selection that underpins our DFM offerings are applied in exactly the same way to our Multi Asset Portfolio funds. Advisa access these funds for their clients’ regular savings, single premium investments and individual and company pension schemes,” Ommanney said.
International Adviser reported at the end of last month that Infinity Financial Solutions, an advisory firm with offices in six key Asian cities, had agreed a deal with Bestinvest to exclusively represent Bestinvest’s range of investment portfolios and discretionary management services throughout Asia.
