Financial services mutual Wesleyan has expanded its offering with the launch of two new With Profits funds aimed at helping advisers meet a broader range of client objectives.
The With Profits Cautious Fund and With Profits Adventurous Fund will sit alongside Wesleyan’s flagship With Profits Growth Fund and use smoothing to adjust returns over time, reducing the impact of day-to-day market volatility.
The Cautious Fund is aimed at clients with a lower appetite for risk, while the Adventurous Fund is designed for those seeking greater growth potential.
The range is created specifically for adviser platforms, offering daily pricing, daily trading and daily smoothing to give advisers and their clients instant access to the information they need.
Wesleyan said the expanded range will be available on third-party platforms including Aberdeen, Nucleus, Wealthtime and Hubwise from July.
Karen Blatchford, managing director, intermediary distribution at Wesleyan, said: “More advisers are looking for investment solutions that help clients to navigate market volatility while remaining focused on their long-term goals.
“Smoothing can play an important role in supporting better client outcomes, but advisers need access to solutions that reflect the differing needs and risk profiles of the people they advise. By expanding our With Profits range, we’re giving advisers greater flexibility to recommend a smoothed investment solution that is appropriate for a broader range of clients.
“We’ve spent the last five years working to make smoothing more accessible by adding our fund to independent platforms, and these new funds are another important step in that journey.”
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