SimplyBiz is partnering with multi-managers at five investment firms, including Henderson New Star, Ignis, Architas and Schroders, to run funds for its new investment firm Verbatim.
Last week, Money Marketing revealed that SimplyBiz was launching Verbatim in February, offering members free access to an independent risk-profiling and financial planning tool powered by Distribution Technology.
Five multi-manager teams, including Henderson New Star’s Craig Heron, Ignis’s Simon Mun-gall and Schroders’ Andrew Yeadon, will run the funds within predetermined risk and volatility parameters, with an annual management charge of 1.4 per cent.
SimplyBiz is in the final stages of negotiation with the fifth investment partner.
Chairman Ken Davy says: “We are absolutely delighted to be working in partnership with the names that we have attracted. The pedigree of the investment houses we are working with and the proposition we have collectively created is second to none. We are confident that we can help advisers better identify their clients’ attitude to risk and deliver a solution in the form of the Verbatim risk-rated funds.”