The Dubai-based financial adviser’s deal with UK asset managers Canaccord Genuity Wealth Management (CGWM) will see the launch of the Holborn Exchange Discretionary Portfolio Service, HEX-DPS.
The HEX-DPS proposition has already been rolled out to all existing Holborn clients and is available to anyone who holds an offshore regular premium contract through the major international life companies at no additional cost.
“It is a win, win,” Riyad Adamou, chief commercial officer for Holborn told International Adviser. “There are no additional costs for clients, no management fee and no entry fee.
“This is a better, more proactive proposition, which we are very proud to be providing.”
Under the partnership deal CGWM will design and monitor over 40 model portfolios across seven regular premium platforms in multiple currencies and risk profiles, covering over $650m (£490.6m, €560m) of assets.
A further option for lump sum and pension contracts is expected.
“HEX-DPS combines an already market leading service and IT proposition with the robust and trustworthy money management methods of Canaccord, the net result being a comprehensive and proactive service that is unrivalled in the offshore world,” said Adamou.
Simon Parker, chief operating officer at Holborn, added: “Last year was a transformational year for Holborn and I am delighted to say that the momentum has carried through to 2018, as the company continues to make giant strides forward.”
Holborn Assets has recently expanded operations into Malaysia, South Africa and Hong Kong with plans to open up further offices this year.
Bethell Codrington says:
“There are no additional costs for clients, no management fee and no entry fee”.
I did not know Canaccord Genuity had become a charity.
The “Free Lunch” normally requires forensic investigation….