View more on these topics

Iveagh unveils 90% minimum investment cut in post-RDR drive

Independent asset management house Iveagh has reduced the investment minimum on its funds and unveiled clean a share class as part of plans to grow business in the retail market.

The minimum subscription to the Guinness family-backed firm’s entire Ucits range, which comprises the the Iveagh Wealth fund and the six-strong volatility-target Core Portfolio range, has been cut from £10,000 to £1,000. The new R share class will have an annual management charge of 1 per cent.

Iveagh chief executive Richard Ford says: “The clean share classes on all Iveagh funds are available now to meet the current needs of advisers and platforms and provide piece of mind for investors.

“The minimum investment of £1,000 signals our commitment to the retail market, particularly our volatility-targeted Core Portfolio range which is resonating well among financial advisers.”

The Core Portfolio range, which launched in 2011 to cater for the post-RDR industry, includes Iveagh Adventurous Portfolio, Iveagh Balanced Portfolio, Iveagh Cautious Portfolio, Iveagh Growth Portfolio, Iveagh Income Portfolio and Iveagh Moderate Portfolio.

In September 2012, Iveagh added retail veterans Gerry Aherne and Martin Harrison to its board as part of its plans to grow business in the retail space.

Aherne has experience as non-executive director of Henderson and executive director of Schroder Investment Management and Majedie Investments, while Harrison was senior director for mutual funds at GAM before taking up the role with Iveagh.

Recommended

1

Trustees under fire over annuity shopping around

The Pensions Regulator is under pressure to investigate the role of trustees in encouraging scheme members to shop around for an annuity due to concern savers are not getting a good deal when they reach retirement. Earlier this week, the FSA confirmed it is scrutinising pricing data from providers to determine how much pensioners are […]

Charles Stanley Direct unveils D2C platform pricing

Charles Stanley Direct has unveiled its charging structure for its new D2C platform which launches this week. Investors will be charged 0.25 per cent per annum on all commission-free funds for the first £500,000 invested, with the figure falling to 0.15 per cent per annum on a balance in excess of £500,000. The platform says […]

Miton prepares for triple fund launch in 2013

Miton Group has announced a 7 per cent rise in assets under management as it plans a trio of fund launches in 2013. The boutique’s assets rose to £1.79bn at 31 December, up from £1.67bn 12 months earlier, with the group citing inflows into its largest collective funds despite their defensive positioning. Miton says this […]

1

7IM delays adviser loans move

Seven Investment Management says it still plans to offer advisers a lending facility despite delays to the service’s launch. In May, the firm revealed it was launching the capability, which will allow advisers to lend to clients using their investments as collateral, at the end of June. However “operational issues” have delayed the start date […]

Sticking to valuation discipline when investing in China

Journalist Alexis Xydias discusses the opportunities – and potential pitfalls – of investing in China with Artemis fund manager Peter Saacke. With Peter holding significant positions in China in the Artemis funds he manages, journalist Alexis Xydias quizzes Peter on the risks of investing in Chinese stocks – including over-valuations, margin trading and financial reporting issues. Click here for video

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment