PAM will power a range of discretionary portfolios including active, passive, sustainable and blended for Moneyweb.

Paul Robinson, managing director at Moneyweb, said: “Pacific Asset Management’s entrepreneurial approach, culture, and alignment with our principles stood out. Their technology-driven solutions and expert team complement our commitment to delivering innovative and tailored financial services.

“This partnership allows Moneyweb to maintain our independent status, whilst introducing greater consistency and improving client outcomes, acting as a springboard for future growth.

“This strategic move not only solidifies Moneyweb’s growth trajectory but also reinforces our dedication to providing forward-thinking financial solutions. As we embark on this new chapter, we are excited about the opportunities it brings for Moneyweb and, most importantly, for our clients.”

To read more on this topic, visit: UK advice firm snaps up financial planning business

Ben Sears, head of UK solutions at PAM, added: “We are thrilled to partner with the Moneyweb team. Their culture, attention to detail and strong brand is reflected in their new portfolio range.

“PAM has been able to fully utilise its capabilities across multi-asset investing to build a truly bespoke suite of portfolios to power Moneyweb’s investment proposition.

“PAM’s technology pulls all this together and has become the hub for the Moneyweb solutions.”

This news comes after Moneyweb announced the acquisition of York-based ABC Financial Planning in September this year.

The increase in government bonds will come through investments in Vanguard US Government Bond index and the CG Dollar fund.

James Burns, lead manager of Evelyn Partners Core MPS, said the increases are a result of beliefs that the peak of the interest rate cycle is nearing for developed markets, and provide a level of assurance for growth.

“Government bonds remain compelling for as well as offering attractive real yields they should also provide a level of portfolio insurance were a growth shock to occur,” Burns said. “Inflation-linked bonds also look interesting as we believe markets may be under-estimating medium-term inflation.”

Burns said the exposure the team continues to hold within corporate bonds will be mostly in short-dated bonds he expects will not be largely affected by downturns.

See also: Charles Stanley announces MPS partnership with Fairstone

“To make room for these moves we trimmed back the allocation to corporate bonds as credit spreads have continued to tighten to levels that their protection characteristics have become less obvious.”

The MPS team has also decided to make some changes to their equity exposure, increasing in the US market while decreasing in the UK. The increase in the US will introduce GQG US Equity, a large-cap US fund managed by QGG. The overall equity exposure will remain the same.

“Although at the index level US equities have been strong this year, this masks the fact that this has been driven by a handful of tech names which have benefitted from hype around artificial intelligence,” Burns said.

See also: Evelyn Partners adds 10th firm to succession programme

“We see scope for this rally to broaden out and have added a new holding in GQG US Equity that should be well placed to capture this theme as well as complementing the existing positions.”

Evelyn Partners holds £54.9bn in assets as of June, with 28 offices across the UK. Paul Geddes was appointed CEO of the company this summer after Chris Woodhouse spent over five years in the role.

This article first appeared on Portfolio Adviser.

The Clever Marlborough MPS aims to address the challenges and opportunities around market shifts and offers hybrid and sustainability-focused portfolios.

It uses more than 122 million data points to sift, score and rank over 4,000 funds every month.

The MPS uses Clever’s proprietary fund selection and monitoring system, the CleverEngine, to analyse fund performance data and make switching recommendations.

Clever’s customers have had access to the service since August last year and has now been made available to UK advisers due to ‘extremely positive’ feedback.

Clever founder and chief executive Colum Wilde, said: “The power of advanced quantitative technology and data science is becoming more important to advisers and their clients. One of the key reasons for this is the increasingly rapid velocity of the market.

“We strongly believe the Clever Marlborough MPS is a game-changer in this regard. It supports our vision in providing cutting-edge solutions that lead to consistent performance and excellent outcomes for investors.”

Marlborough chief investment officer Sheldon MacDonald, added: “With our team’s expertise and the power of Clever’s technology, we’re confident this service will be a great success.

“There’s no doubt that the investment landscape is changing at pace.

“We’re confident that the Clever Marlborough MPS reflects its evolution, which is why we’re very excited about this launch.”

The management fee for the portfolios is 0.05%. The blended ongoing charges figure of the portfolio is 0.13%. The blended yield of the portfolio is currently 5.3%.

The portfolios are initially available on nine platforms. Further platforms will be added in the future, at the request of advisers.

The strategy was designed by Elston Consulting, which supports UK discretionary managers and financial advisers with their investment solutions.

While multi-asset portfolios remain the mainstay of medium- to long-term investment strategies, the service recognises demand in the near-term from advisers and their clients, for low-risk investments which can be held on platform and provide a solid yield similar to the Bank of England base rate.

Money market funds can be considered as an alternative to platform cash or bank deposits from a yield perspective. Banks are required to hold a proportion of capital held for customers in money market instruments (cash, time deposits, certificates of deposit, commercial paper, floating-rate notes, and short-dated government bonds).

Scott Adams, head of adviser relations at Elston Consulting, said: “With the Bank of England rate skyrocketing from 0.1% to 5.25% in the last 20 months, and broader concerns around the direction of the markets, there is growing appetite from advisers and their clients for low risk, yield-focused Investments that can be held on platform and closely match the Bank of England rate.”

The firm, which is part of the Kingswood Group, said ‘successful negotiations’ with multiple fund houses have resulted in reduced pricing on a range of the underlying funds.

The firm said several of the funds in questions are also held across its OEIC range.

Full details are yet to be confirmed, but IBOSS provided pricing for its Core MPS range as an example. It said the OCF on these will be as low as 0.34% in its low-risk portfolio, and its high-risk portfolio has dropped from 0.65% to 0.58%.

IBOSS expects costs to be reduced further in the fourth quarter once the full impact of the newly agreed terms is reflected.

Chris Metcalfe, chief investment officer at IBOSS, said: “In the world we are all currently living in, the cost of almost everything seems to be going up. We are therefore delighted to be able to offer advisers and their clients lower charges, and some of the very best in terms of competitive pricing across the DFM MPS marketplace.”

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