Investment management company, Charles Stanley, has announced a partnership with Fairstone, to manage a mandate in the latter’s partner MPS (model portfolio service) proposition, alongside other managers.
Charles Stanley will be responsible for building and managing a customised range of risk-targeted portfolios to support Fairstone’s advisers. It will also provide advisers with access to its content, including market commentary.
Sean Osborne, group head of sales at Charles Stanley, said: “Our aim is to work together as partners to create a customised MPS offering that is true to the investment philosophy and process of our team and also built on the Fairstone advice process.
“This tailored approach means that we are able to support Fairstone’s advisers with model portfolios that are well-suited to their clients’ needs, as well as to provide a strategic partnership that includes sharing content, specialist market insights and national distribution channels, ultimately to help deliver the four outcomes of Consumer Duty.”
Adam Smith, chief operating officer at Fairstone commented: “This partnership will further support our advisers in providing added value and choice for our clients.”