Discretionary fund manager London & Capital has made its managed portfolios available through the Nucleus platform and is negotiating with two additional platforms.
The firm’s 10 risk-graded portfolios are also available through Ascentric, Novia and Transact. L&C requires all its platform partners to have the technology that allows individual portfolios to be built on the platform itself.
Unlike DFM portfolios that are wrapped within a fund structure that can easily sit on any platform, L&C needs to makes asset allocation changes within its portfolios, such as moving out of funds into cash, quickly for each individual portfolio using the platform’s technology.
It says its platform partners are based on adviser demand. Head of adviser solutions Bruce Ely-Johnston says: “A lot of it is about listening to advisers, who will go off, use the platforms, then tell us which ones they like. We talk to them about how they are structuring their businesses, help them improve their time efficiency and look at how they are transacting business.
“We are pleased to have access to Nucleus, as one of the areas for demand has been to get the portfolios on to this platform.”