Discretionary fund manager (DFM) Copia Capital Management has signed five new advice firms to its premium portfolio service, MPS Custom.
The new clients are Fixmypension.com, Symphony Financial Advisers, Milne Craig, Watt Money and Informed IFA.
Copia continues to experience “increasing demand” for its MPS Custom service.
Its managing director Robert Vaudry said: “Despite market conditions, we’re seeing significant growth in firms taking our MPS Custom service as they look to reduce operational and compliance risk in their business.
“Our service offers model portfolios truly bespoke to each adviser, so IFAs can continue to provide a personalised investment strategy for their clients, without the risk, responsibility and administrative burden that comes from managing portfolios in-house.”
The DFM designs and delivers bespoke portfolios in partnership with the financial advice firm. They are based on the specific requirements of its client base.
It stated it works closely with each firm to define its clients’ precise portfolio specifications. Copia aims to create an investment strategy tailored to suit the adviser’s client goals.
The DFM also provides marketing material in the advice firm’s brand and direct support. That includes attendance at quarterly investment committee meetings.
Milne Craig operations and development manager Rebecca Kowalski said: “Delivering bespoke solutions for clients and keeping them under constant review was creating a significant resource commitment, but Milne Craig has always been incredibly focused on its client service and relationships so sharing responsibility for portfolio management was not something we took lightly.
“With Copia, we have a genuine partnership, where the portfolios are entirely bespoke to us, align with our investment philosophy and our investment committee and director continue to be closely involved.
“At the same time, working with Copia delivers consistency of customer experience and outcome, saving time and allowing our advisers to focus on financial planning.”
Vanguard UK recently forecasted that increasing numbers of asset managers will venture into the model portfolio service space to fight for market share.
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