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.”