Chase de Vere to launch a Discretionary Model Portfolio Service
10 January 2018
Chase de Vere has announced it is planning to launch a Discretionary Model Portfolio Service in the first half of 2018.
The firm said the groundwork is already in place and it is currently preparing an application for FCA permissions
Chase de Vere has previously provided only advisory investment services. The new discretionary service will sit alongside the advisory service, enabling its advisers to select the most appropriate option for each client.
Stephen Kavanagh, chief executive, Chase de Vere, said the service was a direct response to increasing demand from the company’s clients for a discretionary investment service and the fact that more of its competitors were now offering DFM services.
“We need to continually adapt and improve our services to meet the demands of our clients and I see this launch as a natural evolution and enhancement of our advice and investment proposition. We will be able to offer our clients a discretionary or advisory investment choice depending on their requirements.
“We are well placed to offer this service as we have over 200 independent financial advisers across the UK and billions of pounds of assets under advice. However, we want to ensure that we also provide a market-leading investment service and so, while we have many technical and investment experts at Chase de Vere, we are actively looking for an experienced investment professional to run our discretionary services.”
That role, head of Portfolio Management, will work out of the firm’s Bath office.
The company is finalising the charges for the service but said it would “ensure they are competitive compared with other discretionary investment services”.
ATEB Consulting’s Steve Bailey presents a few of the more common issues that the compliance firm discovers in adviser...
With an increasing number of people likely to exceed the Lifetime Allowance, what are the consequences when they do?...
The Financial Services Compensation Scheme (FSCS) has declared three SIPP operators in default, on the basis that they are...