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Standard Life launches wrap managed portfolio service

Standard Life Wealth has launched a managed portfolio service as part of its wrap platform with a set of five investment strategies dependent on the client’s risk appetite.

Portfolio strategy one has an expected risk of between 3 and 6 per cent and strategy five between 9 and 15 per cent.

The portfolios can sit within the provider’s Sipp, international bond, personal portfolio or Isa and carry charges of between 2 per cent and 2.2 per cent, including a 0.5 per cent adviser charge, dependent on the wrapper.

The provider says the managed portfolios will allow more people to access the investment expertise of its discretionary fund managers.

Standard Life Wealth chief executive Richard Charnock says: “Managed Portfolio Service brings together the best of both Standard Life and Standard Life Wealth. And it’s a great example of collaboration across Standard Life’s UK business. By combining investment capabilities with the platform know-how of Wrap to create our Managed Portfolio Service, we believe we have created a proposition of real value to IFAs and their clients.

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