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Goy Harris Cartwright in fixed-weight revamp

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.”


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