View more on these topics

Thinc aims to expand multi-manager links

Thinc Destini is looking to expand its multi-manager links as it continues to move its advisers towards this model.

The group already has an active managed link with F&C and is aiming to offer a passive portfolio as well as active and passive multi-asset offerings. The agreements are set to be announced in 2008.

Thinc is in the process of moving advisers on its financial consultancy side to the third-party model as it believes it is almost impossible for them to create their own underlying portfolios. It also creates its own models for clients.

Director of wealth management Patrick Murphy says the group has a big whole-ofmarket, multi-tied operation which is transactionally-based and therefore not as intensively client-facing compared with the wealth management offering.

He says: “With treating customers fairly becoming ever more prominent, we feel that creating model portfolios and signing up to these partnerships with the likes of F&C, whose multi-manager portfolios provide an asset mix tailored to fit the risk and return profile of specific categories of retail investor, is the way forward. F&C rebases the asset allocation of its lifestyle funds on a quarterly basis as well to ensure that they keep up with a client’s risk profile.

“We are currently going around the country speaking to advisers on the financial consultancy side over the move and the wider number of portfolios we intend to offer.”


Trio agree to allow cross-platform views

Cofunds, FundsNetwork and Seven Investment Management have agreed to let advisers view client portfolios held between the three platforms.The trio say the move will better enable advisers to monitor client portfolios and keep track of asset allocation.Cross-platform viewing will initially be available from 7IM in the first quarter next year and from Cofunds and FundsNetwork […]

3Xd sets up multi-option loan cover

3xd, the firm launched by former Paymentshield directors David Fulluck and Mike Riding, has launched a multi-option mortgage payment protection insurance policy underwritten by British Insurance.The firm is also extending its general insurance range for intermediaries to include buildings and contents insurance and legal expenses/ identity fraud cover.3xd was set up to rival Paymentshield, a […]

Technology for today

The Money Marketing Live conference and exhibition at Manchester’s G-Mex on October 30 will house a technology arena, giving advisers an insight into the latest developments to meet today’s investor demands. You can also win a Mazda MX-5 roadster sponsored by Edeus

PBR: Mortgage industry disappointed with Govt failure to make changes to stamp duty

The mortgage industry has reacted with disappointment at the Government’s failure to make any changes to stamp duty tax in order to help first time buyers in its pre-budget report today.Stroud and Swindon Building Society sales and marketing director Paul Chafer says: “We expected great things from a potential review of housing taxes, yet once […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm