SG Wealth Management is to launch its own range of discretionary investment funds in early September.
The funds will be run on a multi-manager fund of funds basis and will give investors access to asset classes including equities (both UK and overseas), fixed interest securities, property and commodities.
There will be three funds initially; balanced, managed and global which SGWM says will provide investors with the ability to invest in one or a combination of all three to match their attitude to investment risk, timescale and requirement for income or growth.
For day-to-day authorisation, compliance dealing and daily valuation, SG Wealth Management have appointed Marlborough Fund Managers as the authorised corporate director.
SG Wealth Management director Neil Shillito says: “In addition to clients having access to ‘best of breed’ fund managers, there will be a significant benefit in terms of mitigating capital gains tax and given our typical client profile, this is crucial to their overall investment and tax planning.
“We believe that the establishment of our own multi-manager funds will provide clients with administrative and tax efficiency that can only improve upon the investment management expertise we have delivered to date.”
Marlborough sales and marketing director Keith Ounsworth says: “We are delighted to work in partnership with SG Wealth Management. Marlborough now manages over £1.4 billion of assets – much of it through third party managers like SG Wealth Management – who recognise our experience, skills and excellent service in this particular field.”