Standard Life has firmed up the investment options open to clients of its new advice firm 1825.
In February, the insurer purchased Pearson Jones and announced the launch of a restricted nationwide advice arm expected to grow through acquisition.
Advice clients will have access to five model portfolios managed by Standard Life Wealth and will be charged an average of 75 bps a year, Standard Life says.
Details of the portfolios’ investment strategies have not yet been disclosed. Customers are not restricted to funds run by Standard Life Investments.
The Standard Life Wealth discretionary management charge is included within the 75 bps charge.
This is normally 0.3 per cent but 1825 customers will receive a “small discount” as is usual where the platform receives business from an adviser with “significant scale”, a spokeswoman says.
Clients will also have access to the Standard Life Individual Pension sipp and Standard Life Individual Savings, the firm’s stocks and shares Isa.