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Isis launches IFA portfolio service

Isis Asset Management is launching a portfolio service targeted at
IFAs seeking to consolidate their clients&#39 portfolios within a single
wrapper.
The wrapper, which launches on November 1, will give access to two
funds of funds run by Richard Philbin &#45 the multi-manager growth
and multi-manager balanced funds. Both have been in the top
quartile since September 2001.
There is also a level of investor protection – if the investor dies and
the value is less than at the outset, the shortfall will be paid to the
estate. There is no medical declaration requirement for sums under
£150,000.
Charges are 5 per cent initial and 1.25 per cent annual. Initial
commission is 3 per cent with 0.5 per cent trail, although until
Christmas Isis is offering 4.5 per cent commission, which can be
kept or rebated.

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