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Charles Stanley and Brewin partner with newly formed DFM

It will operate two model portfolio ranges with a mix of passive and active approaches

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UK-based Clifton Asset Management has launched Eden Park Investment Management (Epim) to provide discretionary fund management (DFM) services to advisers.

The newly created firm has partnered with wealth managers Charles Stanley and Brewin Dolphin to help run the DFM services.

Epim, which received authorisation from the Financial Conduct Authority (FCA) in June, will operate two model portfolio ranges:

  • The Brunel range, which will be powered by Brewin Dolphin using an active underlying fund manager approach. This will be costed at 0.30% (including VAT); and
  • The Cabot range, which will be powered by Charles Stanley using a passive / index tracking underlying approach. This will be costed at 0.25% (including VAT).

The underlying ongoing charges figure (OCF) for the Brunel balanced portfolio is around 0.51% and Cabot balanced is 0.14%.

The portfolios will initially be available on Clifton’s recently launched investment platform Viewpoint Portfolio, which is priced at 0.3% of the portfolio, with the yearly fee capped at £800 ($1,003, €893).

Epim’s chief executive, Anthony Carty, said: “We have chosen to partner with Brewin Dolphin and Charles Stanley as they have enviable past performance track records, as well as a significant depth of resource within their respective investment management divisions.”

Strengthening intermediary commitment

The DFM services will be run by Epim’s principle investment manager, Alan Sippetts.

He previously held senior positions at Heartwood Investment Management, Lloyds Private Banking and Legal and General Investment Management.

“Our flexibility and regular monitoring in partnership with Eden Park means we are able to respond quickly to changing market conditions and take advantage of all opportunities,” Sean Osborne, head of national accounts at Charles Stanley, said.

“We have a globally, unconstrained, multi-asset approach which results in highly diversified portfolios that seek to maximise risk adjusted returns.”

Antony Champion, head of intermediaries at Brewin Dolphin, added: “This further strengthens our commitment to the intermediary market, where developing innovative investment solutions for key partners to help them to continue to grow their businesses is important to us.”

Market growth

Clifton Asset Management has been consolidating its position in the wealth and financial advisory space over the last few months.

Aside from unveiling its investment platform, it also acquired Shrewsbury firm Plan For Life Wealth Management for an undisclosed fee in June.

The deal was the first in a series of “targeted acquisitions” planned by the company to create a network of small financial advisory businesses.

It said its business model aims to “disrupt the established advisory firm acquisition model by creating targeted, geographic centres of excellence”.

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