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True Potential fund range pulls in £2bn

Global-connections-Globe-World-Map-International-700.jpgTrue Potential’s discretionary portfolios have attracted £2bn in the past year, with inflows up 200 per cent.

The firm has announced that the 10-strong suite of funds are currently seeing daily inflows of £10m, with the range now holding £3bn in assets under management.

The figures have been released as model portfolios come under the regulator’s gaze. In the FCA’s asset management interim study, published in November, the regulator highlighted three risk areas among model portfolios: comparability, choice of asset managers and value for money.

Furthermore, the FCA has said it will assess the use and value of model portfolios and multi-manager funds in its platform study, quoting a survey by Platforum that found such portfolios are currently used by around a third of retail investors.

True Potential uses UBS, Allianz, Goldman Sachs Asset Management, Columbia Threadneedle, Schroders, SEI, Close Brothers and 7IM as its investment partners for the portfolios, which launched in October 2015.

Deputy chief investment officer Chris Leyland says: “This is an incredible result beating all previous expectations. You can see genuine traction as more and more advisers and their clients start to use the True Potential Portfolios and enjoy the very real benefits of advanced diversification.

“When I think back to when we launched and the position we are in right now, this is indeed a very proud moment and I look forward to the True Potential Portfolios continuing to grow and to offer clients an investment solution that genuinely works.”

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Comments

There are 4 comments at the moment, we would love to hear your opinion too.

  1. Robert Milligan 21st August 2017 at 2:33 pm

    Almost as bad as SJP their “own” advisers incentivised to use their own platform “Tied Agents” It can not be right, how many shares are given out based on funds on the platform!!!

  2. Thomas Frodsham 21st August 2017 at 6:02 pm

    To give some credit,, there is no initial or exit charges. Good fund range with good recent performance. They are also available to any advisers and are transparent

    • Robert Milligan 22nd August 2017 at 9:55 am

      possibly, but if you back office system is supported by the AMC’s charged, and your incentivised by Shares in the parent company based on funds under management, then you could be Contingent Charging!!! Independence means Independence, there are far to many people in this industry parasitically living off the back of those of us who’s livelihoods are maintained by giving Advice to Clients . And yet we are the Front Line of rhetoric from those who are directly dependant upon our revenue,

  3. The client appears to be getting a very good deal, unlike some of the competitors.

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