UK-based financial planning business Rosebridge has launched a DFM arm in collaboration with global asset manager Vanguard and consultancy firm Redington.
Rosebridge Asset Management Limited (RAML) will provide asset allocation and fund selection analysis for its range of risk rated active and passive investment solutions.
This is the first custom model portfolio solution that Vanguard has rolled out in the UK. It is also one of the first partnerships of its kind for Redington.
Phil Rose, chief executive of RAML, said: “The UK financial planning community is striving for this, and I believe we will see larger mid-market financial advice companies, not only build bespoke relationships with global investment firms, but also with platform providers to help increase efficiencies, reduce costs but most importantly enhance the service level agreements offered to consumers.”
Neil Cowell, head of UK distribution at Vanguard, added: “We will launch a range of index fund-based model portfolios later this year that we trust will continue to serve Rosebridge and their clients going forward.”