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Origen aims to fill lower-value gap

Origen is planning to launch a new investment arm for its 150,000 less affluent clients.

Client services director Mark Pearson says an outsourced discretionary management service is his favoured option over the launch of a fund of funds range.

Pearson says if the group takes the discretionary management route, it will launch three investment portfolios – income, growth and growth and income. He says the firm has not ruled out a tie-up with an investment house.

He says: “We feel there is a gap in the market for those with less than £250,000 in assets as we look at the post-RDR landscape of the industry. This is particularly prevalent at the lower end where it is important not only to offer a risk-profile-based investment but also one that has the ability to adapt to changing client profiles.”

Origen outsourced its £65m high-net-worth discretionary fund management arm to Brooks Macdonald Asset Management in May 2008.

He says: “We want to make sure we choose the most efficient route as it would account for 150,000 clients and £7.5bn of assets if they all choose to take up the new option.”

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