Sinfonia utilises a fund of funds approach and currently offers six OEIC sub funds which can be purchased through ISA and SIPP wrappers, as well as an investment option.
It will also be available through a number of platforms and product providers to offer alternative access to the OEIC sub funds.
Tenet Group chief executive Simon Hudson says: “Sinfonia has been built on a vision of showing more fairly the value that is created in the manufacture and distribution of investment products. We have drawn on our experience in the IFA market to produce a proposition that is more than just a new fund offering, but provides complete end to end support to the IFA and client throughout the investment advice process.”
Sinfonia managing director Craig Knight says: “The dedication and commitment from people in Sinfonia and Tenet and our strategic partners BNP Paribas Fund Services Ltd, FundQuest and Distribution Technology have been vital in developing this proposition and bringing it to market in such a short period of time. Sinfonia challenges the traditional value chain and provides a new and innovative working relationship with many traditional product providers.”