Clifton Wealth Partnership has launched Wesleyan’s Smoothed With Profits Fund on its Morgan Lloyd Invest platform for advisers.
The Smoothed With Profits Fund from Wesleyan offers pricing, trading and smoothing on a daily basis to ensure transparency.
The fund uses a smoothing mechanism designed to overcome volatility by calculating and holding back a portion of returns when assets outperform. These returns can then be used to support the fund’s value when market conditions are more challenging.
Anthony Carty, managing director at Clifton Wealth Partnership, said: “The addition of Wesleyan’s smoothed fund to the ML Invest platform gives our financial planners even greater flexibility in designing solutions that help clients achieve their long-term financial goals.
“Smoothed funds aren’t widely available on-platform but they are particularly valuable in today’s environment, offering a way to reduce the impact of market volatility while maintaining exposure to real assets.”
The With Profits market in the UK grew 11% between 2022 and 2023, reaching a total £7.6 billion assets under management, according to AKG.
Karen Blatchford, managing director, intermediary distribution at Wesleyan, added: “Adding our fund takes us further towards our goal of making smoothed investing more accessible. As market volatility continues to challenge clients, advisers need transparent solutions on their chosen platform that deliver stable returns.”
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