7IM and Brooks Macdonald have joined forces to offer the latter’s Passive and Active Managed Portfolio Service ranges through the 7IM Retirement Income Solution on its platform.
The active range is constructed using actively managed funds, while the passive range is constructed using passive, index-tracking funds. Clients will have access to cautious, moderately cautious and balanced risk profiles across both ranges.
7IM said the addition of the two Brooks Macdonald MPS ranges follows adviser demand for greater investment choice when implementing their retirement plans through the 7IM RIS. Advisers can now access solutions from 7IM, RBC Brewin Dolphin, Omnis Investments and Brooks Macdonald.
Russell Lancaster, managing director, platform & intermediary partnerships at 7IM, said: “Advisers tell us that they want a consistent process for providing income without having to compromise their investment philosophy, a framework for providing income, not a product. We’ve heard them loud and clear, so we are incredibly excited to add Brooks Macdonald to RIS, to offer even more choice for planners and their clients.
“RIS is underpinned by 7IM’s robust investment methodology which uses sophisticated modelling techniques, enabling them to adapt to changing personal circumstances and track the sustainability of their clients’ income.”
Greg Mullins, head of adviser solutions at Brooks Macdonald, added: “This partnership aligns well with our strategy to reignite growth by bringing our proven experience and investment expertise to a wider audience of advisers and their client’s retirement needs. Retirement is increasingly providing individuals with more freedom to create an income tailored to their lifestyle. However, helping clients achieve effective decumulation is complex, so we are pleased that the addition of our MPS range will enable advisers to offer an even broader range of solutions to their clients.”
