FundsNetwork launches discretionary service

Fidelity FundsNetwork has launched a third party discretionary management service for advisers in partnership with Vestra Wealth.

The service has been launched following demand from advisers for discretionary management of client assets on the platform.

FundsNetwork head David White says: “Advisers continue to look for new and innovative ways to support their customers and ensure that their business is ready for change.

“In recognition of this, we have decided to launch this new service to enable those advisers who use discretionary managers, to improve efficiency and add value for their clients.”

White says the platform will also aim to include other discretionary managers on the platform.