Söderberg & Partners Asset Management has launched a new discretionary fund management (DFM) business which it believes will support advisers in meeting their obligations to provide value for clients under Consumer Duty rules.
The Nordic wealth manager has unveiled three product ranges:
- Core
- Sustainable Core
- Active Core
The three versions offer options for investors choosing between active and low cost, or a focus on sustainability. Each of these three core ranges has four different risk-graded model portfolios: Adventurous, Growth, Balanced and Cautious.
The model portfolios are comprised of active mutual funds and passive index tracking funds from leading asset managers.
Söderberg & Partners Asset Management is an independent business, led by Fredrik Börjesson, a veteran from Söderberg & Partners group, based in the UK for 15 years.
The new range leverages the expertise of Söderberg & Partners’ investment arm in the Nordics, which has a team of 35 investment professionals. Söderberg & Partners manages circa £70bn in AuM.
Fund research and selection are conducted by Söderberg & Partners’ in-house investment management division. The team follows a rigorous quantitative and qualitative fund manager research process with a strong focus on sustainability research.
Söderberg & Partners’ discretionary portfolios reflect its latest tactical outlook for markets and macroeconomics and aim to add value above passive investing, while remaining diversified across global equities and fixed income.
Satellite portfolios will be available in addition to the Core models, offering complementing exposure to thematic investing, alternative asset classes, specific equity regions, income, and more. Funds in the satellite portfolios will be mainly carefully selected active funds, with some passives in areas where the scope to generate outperformance relative to the market is seen as limited.
Indicative portfolio charges range from 0.07% OCF for the Adventurous Core portfolio, to 0.65% OCF for the Adventurous Active Core, with a discretionary management charge of 20 basis points.
The portfolios are available on Söderberg & Partners’ own adviser platform, as well as selected platforms such as Aviva, Transact and Quilter.
Fredrik Börjesson, head of Söderberg & Partners Asset Management said: “We are proud to unveil our DFM solution, offering a suite of model portfolio solutions that meet a wide range of client needs. In the era of Consumer Duty, advisers must consider client outcomes and value for money in all their product choices.
“We believe the low-cost options available in our Core range in particular, will help deliver consistent returns in a cost-effective way. We look forward to making these new model portfolios more widely available on selected adviser platforms in the coming weeks and months.”
Söderberg & Partners Asset Management Ltd is authorised and regulated by the Financial Conduct Authority (FRN 999800) as an appointed representative of Thornbridge Investment Management LLP, which is authorised by the Financial Conduct Authority (FRN 713859). All investment management decisions are undertaken by an investment committee where Söderberg & Partners’ staff are members.
Söderberg & Partners announced its entry into the UK financial services marketplace last year, aiming to become one of the top wealth managers in the country in the coming years. Its strategy is to create market-leading investment solutions, supported by next generation technology.
