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Julian Gibbs

Christow&#39s, one of the leading UK stockbrokers, has launched an innovative low-cost multi-manager portfolio service for IFA clients. It has already attracted a lot of money from some leading investment IFAs because of its excellent past investment record and partly because it uses exchange traded funds, which cut dealing costs enormously by avoiding stamp duty and the majority of other dealing charges.

Christow&#39s makes money for investors by selecting the right investment markets from around the globe, choosing the best investment managers to manage assets, such as Fidelity, Gartmore and Credit Suisse, and getting the timing right.

One of the other big advantages of using ETFs is that, unlike unit trusts and other collective investment schemes, ETFs are baskets of shares which use real-time prices, allowing Christow&#39s to time the entry and exit from markets and their sub-sectors with precision. This should enhance performance.

It has five portfolios under discretionary management – worldwide growth, overseas growth, managed growth, rising income and high yield. This service can also use Pep transfers, Isas, Sipps, SSASs and offshore portfolio bonds.

Above all, I have great faith in David Franklin, the multi-manager portfolio service&#39s lead manager.

I believe this new concept should be a winner for both IFAs and their clients. Minimum investment is £25,000 and existing investments can be exchanged.

Christow&#39s also provides comprehensive administration, an annual consolidated tax voucher and also a capital gains tax report if required. All this administrative help makes this service highly cost-effective for IFAs.


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