Direct-to-consumer platform Strawberry Invest has launched a managed portfolios service which investors can access provided they pay in £100 a month.
The firm says its new ‘Make it Easy’ offering is designed to help simplify investment by offering an “all-in-one, streamlined customer experience”.
It has chosen Architas BirthStar® Target Date funds for the service, where investors can select portfolios to match the desired date of their investment goal.
Strawberry is charging management fee of 0.55 per cent for Sipps, Nisas and general investment accounts and a total all-in cost of 0.9 per cent, which includes dealing, administration and other account services.
Strawberry Invest founder and director James Priday says: “By offering the Architas BirthStar® Target Date Funds as a ready-made managed portfolio, we can give our customers the benefit of a professionally designed, carefully managed, affordable and low-cost investment solution.
“These funds allow investors to focus on deciding how much they need to invest and when they will need it, leaving the professionals to manage the asset allocation for them.”