This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM+201114+Cover+Small

PSigma lowers fees on discretionary investment management service

  • Print
  • Comment

PSigma Investment Management is relaunching its discretionary investment management service with lower fees.

Psigma’s Wealth Management Solutions will be re-named Managed Portfolio Service and carry a total expense ratio of 1.75 per cent.

Thomas Becket, chief investment officer of PSigma, says: “PSigma Investment Management has a long track record in managing multi-asset portfolios and recognises that clients do not simply want to outperform inappropriate benchmarks; rather they want to achieve ‘real’ rates of return.

“The standard fee is now 1 per cent, reduced from 1.25 per cent, and there are no commission charges for making changes to the portfolio.”

“We therefore manage MPS with ‘inflation-plus’ benchmarks and targets.”

MPS has four strategic models: cautious, balanced income, balanced and growth, with a maximum weighting towards equities of 30 per cent, 50 per cent, 50 per cent and 65 per cent respectively.

 

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Taxbriefs Advantage
Advantage is a digital reference source giving unbiased, independent, answers to your technical queries. Subscribe to Taxbriefs Advantage.

Have your sayEdit my profile/screen name

You must sign in to make a comment

AXA Wealth

The Budget: What do people really know?


Fund Data

Editor's Pick



Poll

Do you think the idea of a single investment management charge could work in practice?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments