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Berry AM teams with Novia to launch five model portfolios

Berry Asset Management has teamed with Novia to launch five risk-graded managed model portfolios.

The range includes a defensive, balanced, cautious income, balanced, growth and aggressive offering, with the risk-characteristics of each model aligned with Novia’s risk profiling tools.

The  portfolios, which are re-balanced quarterly, launch this week and have an annual discretionary management charge of 0.30 per cent. Miniumum investment is set at £1,000.

Berry Asset Management chief executive Jamie MacLeod says: “We have been providing bespoke Discretionary Fund Management services for 30 years this year, and we have established many wonderful intermediary and introducer partnerships in that time.  We remain absolutely committed to the High net worth market.

“It was not hitherto possible to service the needs of those with more modest portfolios, but that has all changed with the Retail Distribution Review, with more and more intermediaries remodelling their businesses to embrace an outsourced investment solution.  Our intermediaries are delighted that we are now able to make our investment expertise more widely available.”


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