The asset management arm of Blackfinch Group has launched a service that aims to offer “more attractive and flexible” investment solutions for financial advisers.
The Blackfinch Tailored Portfolio Service (TPS) builds on the benefits of a managed portfolio service (MPS), by adding a “high degree of customisation”, Blackfinch Asset Management said in a statement.
Financial advice firms will be able to use a number of options to shape the portfolio range including, for example, a preferred risk profile, tailored asset allocation, linking to specific investment objectives and caps to costs.
Blackfinch Asset Management said it believes financial advice firms are “seeking a greater level of ownership and control” over factors like cost and the degree of active versus passive investments they can offer, to help solve their biggest challenges when using off-the-shelf solutions.
Alongside the portfolios, Blackfinch will also provide firm-branded client literature helping firms demonstrate their value and meet their regulatory requirements.
Nick French, chief distribution officer of Blackfinch Group, said: “Tailored portfolio services are a clear example of a strategic approach that can result in significant improvements for clients in terms of lower charges and improved experience, while also ensuring the long-term viability of advice businesses that want to support families for generations.”
