PSigma Investment Management is relaunching its discretionary investment management service with lower fees.
Psigma’s Wealth Management Solutions will be re-named Managed Portfolio Service and carry a total expense ratio of 1.75 per cent.
Thomas Becket, chief investment officer of PSigma, says: “PSigma Investment Management has a long track record in managing multi-asset portfolios and recognises that clients do not simply want to outperform inappropriate benchmarks; rather they want to achieve ‘real’ rates of return.
“The standard fee is now 1 per cent, reduced from 1.25 per cent, and there are no commission charges for making changes to the portfolio.”
“We therefore manage MPS with ‘inflation-plus’ benchmarks and targets.”
MPS has four strategic models: cautious, balanced income, balanced and growth, with a maximum weighting towards equities of 30 per cent, 50 per cent, 50 per cent and 65 per cent respectively.