Goy Harris Cartwright is relaunching its managed portfolio service as a range of fixed-weight portfolios with a new risk-grading system and a 1.25 per cent annual management charge.The system is intended to make it easier for clients to choose the strategy that is best suited to their investment needs and appetite for risk. Three new strategies are being introduced – cautious, diversified, and managed growth. For each portfolio strategy, the investment team selects the most appropriate funds from the marketplace to create a diversified fixed-weight portfolio. The service ranks risk from grades one to eight for investors seeking returns similar to short-term bank deposits across the spectrum to those who accept a high degree of volatility to enhance their longer-term income or growth potential. The cautious portfolio, with a risk grade of three, aims to achieve long-term growth while maintaining capital. Asset allocation is fixed interest 65 per cent, UK equities 20 per cent, commercial property 10 per cent and cash 5 per cent. The GHC managed growth portfolio, with a risk grade of six, aims to provide long-term growth. It allocates 68 per cent to UK equities, 38 per cent to global equities and 2 per cent to cash. The minimum investment is £30,000. Spokesman Neil Vernon says: “From the IFA’s point of view this is cheap, with a 1.25 per cent annual charge and no dealing charges. It is also easy to explain to clients and the IFA is covering himself by explaining the product using our graded-risk system.”
Aifa is experimenting with the idea of providing customer care managers for the major networks and support services grounds as a way of promoting Aifa and allowing a better flow of information to members.
Destini is sponsoring Embassy Racing, a team competing in the 2005 SRO British GT series championship. Not only does this give the sales team an opportunity to mix with the pit lane love-lies but it also means that the Destini logo will be emblazoned across the new Embassy Porsche for the rest of 2005. Destini […]
Positive Solutions has seen a 98 per cent increase in turnover, bringing business in the first quarter of the year to 15m from 7.5m in the same period last year.
There has been much deb-ate recently about the housing market’s abilities and desires to produce home information packs and the options available to them.
There is a puzzle at the centre of financial markets. The global economy is growing, there are signs of inflation and interest rates are going up, yet yields remain low. In this article, James Foster, manager of the Artemis Monthly Distribution fund, unpicks this conundrum and looks at where investors can find income. There is […]
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The government is boosting its income from inheritance tax bills because advisers may have failed to communicate the full advantages of new exemptions. Speaking at a seminar yesterday morning, Prudential senior technical manager Graeme Robb pointed to the rise people affected by the increase in the residence nil rate band to £1m for married couples […]
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