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Way weighs up portfolio balancing strategy

The Way Group is diversifying its IFA product range with the launch of a portfolio management service.

The Way Tax-efficient PMS is effectively a discretionary asset management service wrapped around an offshore investment bond. The group says this will provide growth equivalent to the existing Way income plan.

After gauging individual investors’ attitude to risk, Way will then set up a bespoke portfolio comprising different weightings to three of Way’s multi-manager fund’s – global cautious, global total return and global red. Higher-risk profiles will get greater exposure to growth strategies over the shorter term while lower-risk profiles will have greater exposure to cautious strategies over the longer term.

If the portfolios perform well, they are rebalanced to bring the investment in line with its original aim. This means taking profits from higher-growth portfolios in rising markets or putting more money in higher-growth strategies when markets fall.

Way Group chairman Paul Wilcox says: “TPMS removes the need for investors to be overly concerned about volatility because the rebalancing process adjusts the portfolio to prevailing market conditions. This is for investors who want to benefit from equity returns without worrying that their portfolio might become overstretched in either direction, either too risky or too stodgy.”


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