The platform, Tenon Wealth, comprises a range of seven discretionary managed portfolios, each with different asset allocation capabilities depending on client needs.
Three of the portfolios are stability focused, while the remaining four are growth portfolios that gradually assume more risk to potentially enhance returns. All the portfolios are rebalanced on a regular basis.
Tenon Wealth currently accepts direct, Isa, Sipp, bond and employer-funded retirement benefit scheme investments. Additional tax wrappers will be launched next year.
Tenon Financial Services head of financial services Peter O’Sullivan says the costs for using the platform are transparent and split into account set up, investment fee and advice. There are no switching fees and accounts can also be grouped to take advantage of pricing discounts.
He adds: “The platform will enhance our current client process. Our investment in this technology will enable us to pass on administrative savings to our clients.”