Cazenove Capital is introducing enhanced reporting on its multi-manager funds.
Advisers can currently see the percentage holdings in each of the six multi-manager funds using the fund factsheets.
Under the new system, which will be introduced later this year, advisers will be able to view how much of their clients’ assets are invested in each of the underlying holdings both in monetary and percentage terms.
Cazenove already offers this in its discretionary portfolio service, which is aimed at high- net-worth clients with a minimum £1m to invest.
Cazenove Capital head of marketing Victoria Hayes says: “Advisers will be able to see how much of the investment is in each underlying fund. Advisers need to know what we are doing in the funds all the time, which is what you would get if you were a client of a discretionary manager with model portfolios.”
Values for Vision Financial Planning director Nick Lincoln says: “This is a positive move for Cazenove. Advisers want to know exactly how a portfolio is comprised.”