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Gerrard £30k portfolio deal

Gerrard is offering a portfolio management service for clients with more than £30,000 to invest.

The news comes as Old Mutual announces that Gerrard Investment Funds is to be merged with Old Mutual Asset Management, with the Gerrard brand remaining only for its portfolio services, where it aims to be a market leader.

The millennium global portfolio service will offer investors individually tailored portfolios, investing mainly in Oeics, unit trusts and investment trusts. Six-monthly valuations and portfolio reviews are included in the service.

Clients will be able to choose between five investment strategies – global growth, growth, balanced, income and low-risk growth.

The service has an initial charge of up to 3 per cent, all of which is available as commission for IFAs. The annual management charge is 1.25 per cent plus VAT and trail commission is negotiable.

Gerrard head of intermediary sales Mike Topham says: “The millennium global portfolio service is ideally positioned to suit those who want all the benefits of discretionary investment, for example, leaving the day-to-day running of their portfolio to an expert investment management team, while also remaining fully informed of how their portfolio is progressing.

“Furthermore, as the millennium global service uses collective investments, the investor&#39s money is spread more widely, reducing risk.”


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