Waverton has expanded its Multi-Asset Fund range with three new strategies: Defensive, Cautious and Balanced, which will be available to financial advisers, their clients and other investors.
These new strategies will complement the firm’s existing multi-asset growth and income funds that have around £1bn invested in them.
In line with Waverton’s core investment approach, the new offering will invest on a Global, Active and Direct basis in a range of asset classes across fixed income, equities, alternatives – encompassing specialist lending, property and commodities – as well as cash. They will have ‘real’ inflation-plus investment objectives ranging from CPI+2% to CPI+3.5%.
The new funds will be rated by Defaqto and Dynamic Planner from launch and sold into the IFA market, complementing the Managed Portfolio Service (MPS).
The new range represents an opportunity for investors to access Waverton’s investment expertise through a different vehicle to the existing MPS offering. It comes as recent changes to capital gains tax legislation have made wrapped solutions, such as a Multi-Asset Fund, a more attractive option for clients of any size.
Nick Tucker, CEO at Waverton, said the firm currently works with over 700 firms directly and across 25 platforms.
He said: “The growth in the Adviser Solutions channel continues to be outstanding, with inflows last year averaging £100m a month and the business growing year-on-year since 2019. Capitalising on this momentum, the new Multi-Asset Funds will complement Waverton’s existing offering by establishing a new proposition that caters to all types of investment risk appetites.”
John Bellamy, head of Adviser Solutions at Waverton, said: “This new range of Multi-Asset Funds marks the next stage in the continued growth of our Adviser Solutions business. Our established network of relationships with hundreds of IFAs across the country has allowed us to identify the demand and focus our efforts on delivering an offering that performs as well as the MPS offering and meet the needs of IFA clients.”
