The service consists of five multi-asset portfolios across the usual risk levels, managed by head of research Jonathan Moyes and his team. Moyes previously co-managed £400m of discretionary portfolios at Whitechurch Securities.

Investments will be made across a range of asset classes including bonds, equities, property, infrastructure and private equity. The portfolios will contains a blend of passives, actively managed funds and investment trusts.

There will be 35-50% invested in each of passive and active funds, and 10-20% in investment trusts. The minimum investment across all portfolios is £100,000. ISA and SIPP wrappers can be used.

The average ongoing cost for the new offering, including management, platform and ongoing fund charges, is 1.08%. Wealth Club said this will mean lower costs than going through an adviser, and a similar amount to managing a typical fund portfolio on a DIY platform.

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Alex Davies, founder and CEO, said: “The Wealth Club Portfolio Service has been a number of years in the making. The idea was born out of personal experience. I have been investing since my teens and built a significant portfolio of funds and shares in ISAs, pensions and just on their own.

“While many of these made sense at the time, the result is a mish mash of different funds and shares. I wasn’t quite sure if they fitted together any more, and managing them myself was getting very cumbersome.

“And I know I’m not alone,” he added. “Many friends and clients tell us the same thing regularly. The truth is that, despite the proliferation of innovative digital investment services, the wealthier, more sophisticated part of the market remains underserved.”

Moyes added: “Each portfolio will invest across low-cost index funds, specialist actively managed funds and investment trusts. Investors can typically expect each portfolio to be invested across 30-45 funds.

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“Combining this investment approach with an online service means we can offer our clients a sensible well diversified investment portfolio. And, because the service is delivered online, at a low cost.

“We are particularly pleased to champion the use of investment trusts within our portfolios. The investment trust sector includes some real gems and allows us to boost diversification, providing access to less liquid assets such as infrastructure and private equity.”

The five global portfolios will target ‘best-in-class’ passive ESG-rated equities and bonds. Each model’s equity allocation will vary from 100% to 20% and will invest across a range of regional equity funds and/or two fixed income funds.

The equity element will invest in the Amundi SRI PAB equity funds, which track MSCI SRI Filtered PAB regional indices. These focus on the top 25% ESG-rated companies relative to their sector peers and have a wide range of systematic environmental- and social-based exclusions – for example, they exclude companies generating revenue from thermal coal mining or oil and gas extraction.

These indices also align with the EU Paris-Aligned Benchmark (PAB) regulation minimum requirements, including: a reduction in carbon intensity by 50%, compared to the underlying investment universe; and a reduction in carbon intensity by 7% on an annualised basis.

Meanwhile, the SRI fixed income element invests in two bond funds managed by Northern Trust Asset Management, which track Solactive Global Bond ESG Climate indices. These are focused on a global investment grade bond universe that is screened for ESG scores and carbon emissions, including targeting a 50% reduction in corporate bond carbon intensity compared to the parent index. EBI added risk in the SRI bond element is reduced by blending the two fixed income funds to target a shorter duration than the wider market.

See also: Pacific, Albemarle and Hymans Robertson model portfolios added to Parmenion platform

Jonathan Griffiths (pictured), investment product manager at EBI, said: “We know investors seek to invest in line with their values, while also seeking competitively priced investment solutions. With the launch of the SRI portfolios, we are in the sweet spot where these two elements align. Providing enhanced ESG screening, and market-leading equity exposure aligned with the EU Paris-Aligned Benchmark minimum requirements, these portfolios are an exciting addition to our product suite and the wider MPS space.”

Ashkan Daghestani, head of ETF, indexing, and smart beta sales for UK & Ireland at Amundi, added: “We are pleased to be selected by EBI, which will enable more and more UK investors to have access to our low-cost SRI index-based solutions. This partnership demonstrates our commitment to meeting the needs of UK investors, in particular for ESG index solutions at competitive pricing.”

EBI is part of Bristol-based platform Parmenion and has £2.5bn in assets under management. It runs a range of passively managed investment products including a Core ESG and Earth range for sustainable investors, and factor-based global portfolios, the World range, and Core, for market-based global exposure.

This article was written for our sister title ESG Clarity

The app is now accessible to all Intelliflo customers as an integrated feature.

Mabel is a new data and intelligence business, launched last month by former Atomos distribution head Lawrence Cook.

It provides information and analysis on model portfolio service (MPS) and multi-asset funds from more than 80 discretionary fund managers. This covers over 1,000 MPS offerings, all of which are risk-rated by Mabel.

Cook said: “It makes perfect sense to make our data available through the leading practice management provider Intelliflo. By facilitating a free two-way flow of data, we will make advisers’ lives easier. The ability to re-use data rather than re-key has to be the way forward, and this development, we believe, will be well received by users.

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“To date, access to information for advisers has been piecemeal, and research tells us that the adoption of MPS by advisers is increasing across the UK,” he added.

“We felt the time was right to provide a service that really delivers what advisers need, and our early adopters in trials have given us great feedback, which tells us we are delivering exactly that.”

Nick Eatock, CEO of Intelliflo, said: “We’re delighted to offer new capabilities to our customers, and the Mabel Insights app provides advisers with comprehensive and intuitive access to MPS information from across the market.”

Park will begin his new position in April and will also be part of the group executive committee under group chief executive officer Paul Geddes. The role will give him jurisdiction of centrally managed investment propositions such as MPS strategies and a range of pooled funds, as well as make him a spokesperson for investment propositions.

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Park’s move comes after 15 years with Brooks Macdonald, where Park began as a graduate trainee in 2009.

We are delighted to welcome Edward to Evelyn Partners,” Geddes said.

“He will help drive the growth and development of our centrally managed investment propositions, alongside our presence as a leading investment manager for private clients and charities. And with his considerable experience and proven track record, he will also help the firm continue to develop its collegiate investment approach, which underpins the outcomes we deliver for our clients.”

Evelyn Partners increased its AUM by 11.5% in 2023, reaching £59.1bn through a combination of inflows and market performance. As of the end of December, it managed £9.9bn in centrally managed propositions.

“I am excited to be joining Evelyn Partners in April. The new role will give me the opportunity to help drive the centrally managed investment propositions, as well as engage with IFA partners,” Park said.

“Evelyn Partners has a successful, collegiate investment approach which has delivered strong client outcomes. I am looking forward to helping develop the approach in partnership with the broader investment management team.”

This article was written for our sister title Portfolio Adviser

The range features six investment portfolios across different risk levels, managed by investment solutions director Ben Gutteridge (pictured) and multi-asset fund manager David Aujla.

The portfolios will hold an average of 22 funds each across a variety of asset classes and geographies, with the aim of achieving high levels of diversification.

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Invesco funds will be included, but the portfolios will predominantly be invested in funds managed by other firms. The ongoing annual charge for each of the portfolios is 0.1%.

The new MPS offering has been created by the solutions team within the firm’s multi-asset strategies group, which has been assembling portfolios for a decade and currently manages over $75bn.

The full range, in order of risk target from low to high:

• Invesco Managed Cautious Portfolio, which targets between 25% – 55% of global equity volatility.
• Invesco Managed Cautious Balanced Portfolio, which targets between 40% – 70% of global equity volatility.
• Invesco Managed Balanced Portfolio, which targets between 50% – 80% of global equity volatility.
• Invesco Managed Balanced Growth Portfolio, which targets between 65 – 95% of global equity volatility.
• Invesco Managed Growth Portfolio, which targets between 80% – 110% of global equity volatility.
• Invesco Managed Adventurous Growth Portfolio, which targets between 90% – 120% of global equity volatility

Gutteridge said: “We’ve worked closely with advisers to better understand the challenges the advisory community faces, and so have placed equal importance on delivering a premium level of service, enabling access to our solutions in a straightforward and accessible way, accompanied by exceptional levels of investment support.”

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Aujla added: “In an environment of economic uncertainty and changing market dynamics, a diversified investment approach backed by robust research and risk management is as important as ever in achieving investors’ investment goals. Our model portfolios deliver that for a broad range of investor risk appetites.”