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Singer & Friedlander open fund doors to retail investors

Singer & Friedlander Investment Management has issued a retail share class on its institutional model portfolio fund, making it available to retail investors who can afford the £75,000 minimum investment.

The fund is designed to mirror the types of portfolio services that are available to investors with larger amounts. Ts objective is to provide income and growth with a medium risk profile by investing globally in equity and fixed interest markets globally. Despite the freedom to invest on a worldwide scale, the fund will have a particular emphasis on the UK. The current top 10 holdings include MM02, Standard Chartered and British Sky Broadcasting.

Director and Private Client Investment Manager Francis Clarke, who joined Singer & Friedlander in 2000 from Chase Fleming Private Wealth Management, will manage this fund. Clarke spent 11 years with Chase Fleming and prior to that he worked at Cazenove for 10 years, which included five years as a US analyst.

Clarke can invest across sectors as well as regions as he sees fit and this lack of constraint of what he can hold in the portfolio is why the fund is more like a discretionary portfolio service.

However, the type of portfolio service available to institutional investors and high net worth clients is constructed exclusively for them, whereas all investors in this fund have access to the same portfolio. Bearing this in mind, this fund could be seen as a halfway house between a balanced fund and a portfolio management service for investors who may not be able to afford the minimum investment level for a bespoke portfolio.

However, Singer & Friedlander&#39s own discretionary portfolio management service for private clients has a minimum investment of just £25,000, and some investors may feel this is the better option.


Widows boosts e-commerce capabilities of pensions operation

Scottish Widows is launching a straight-through process for IFAs quoting and applying online for individual stakeholder and personal pension plans through its extranet. Widows is also establishing a direct link from the Exchange portal to its IFA Extranet service which will allow IFAs to apply online for stakeholder and personal pension plans. Scottish Widows marketing […]

Marlow appointed AFFS marketing chief

Alexander Forbes Financial Services is appointing David Marlow as marketing director. Marlow was previously head of marketing at The Bureaux which was acquired by AFS in January 2004 and will continue to oversee the marketing of The Bureaux companies. AFFS corporate development director Robert Macgregor says: “The corporate pensions market is constantly developing, with the […]

&#39Adviser stole £279k and then murdered pensioner&#39

Worcester financial adviser Peter Crittenden is standing trial on charges of murdering pensioner Joan Beddeson after stealing £279,00 from her. Crittenden, 64, who worked for Young Ridgeway & Associates, is on trial at Chester Crown Court. He denies the charges. He was appointed financial adviser to Beddeson, 71, after she saw a newspaper ad. Crittenden […]

&#39There may be trouble ahead&#39

Charcol senior technical director Ray Boulger wants the FSA to decide as soon as possible which mortgage networks it plans to authorise to ensure that brokers have the widest choice over the best set-up for them to join. Speaking to Money Marketing about the issues facing the mortgage industry in advance of regulation at the […]


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