Bestinvest celebrates five years of its Multi Asset Portfolios03 May 2013
Bestinvest is this week celebrating the five year anniversary of the launch of its Multi Asset Portfolio (MAP) fund range. The funds, launched in April 2008, offer investors access to a carefully blended mix of Bestinvest’s top rated funds in an OEIC wrapper, with a range of asset allocations to meet different risk appetites and objectives. Since launch, the total assets under management of the five portfolios have grown to £524m.
The funds were launched to enable those investors without the time or inclination to run their own portfolios to benefit from high quality investment management for sums of £500 upwards. Initially three funds were launched in April 2008 (Income Multi-Asset Portfolio, Income & Growth Multi-Asset Portfolio and Growth Multi-Asset Portfolio) with a further two launched in October 2008 (Defensive Multi-Asset Portfolio and Aggressive Growth Portfolio) in response to client demand.
Many of Bestinvest’s clients choose a MAP fund as their 'core' investment, around which they add other options from funds rated by Bestinvest’s research team, one of the largest in the industry. Others select the MAP portfolios as a 'one-stop' fund, or use the funds to invest their ISA or SIPP investments.
Peter Hall, Chief Executive at Bestinvest said: “The Bestinvest business model is unique, offering a range of services which cater to our clients’ different requirements and expectations – from execution only, advised, a Managed Portfolio Service, through to fully bespoke wealth management. This is a strength because client’s needs change across their investing lives, and we are able support them with an appropriate solution. We have been steadily growing our investment management offering, and in the five year period since MAP was launched, demonstrated that Bestinvest is much more than an execution only platform service and has many strings to its bow.”
Hall concluded, “The investment industry is a very different beast to what it was in 2008, and post RDR, there is a growing number of people who need to make alternative arrangements for their savings and investments. In this regard we believe that we have created a business which is well placed to succeed in the ever changing investment landscape.”
For more information on Bestinvest’s Multi-Asset Portfolio funds visit:
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Founded in 1986, Bestinvest was a pioneer of helping clients reduce the costs of investing through discounting commissions. Today Bestinvest has grown into a leading private client adviser which helps over 50,000 investors. Bestinvest offers a range of services including guidance, investment advice, financial planning and discretionary portfolio management all of which are underpinned by a commitment to rigorous investment research. Through its low cost Select service, Bestinvest offers execution-only investors a Self-Invested Personal Pension Plan (SIPP), Individual Savings Account (ISA), Junior ISA (JISA) and Investment Account with access to more than 2,000 funds as well as investment trusts, shares and Exchange Traded Funds. Bestinvest has won numerous awards including ‘Self-Select ISA Provider of the Year 2011’ and ‘UK Wealth Manager of the Year 2011’ as voted by readers of the Investors Chronicle and Financial Times and Investment Adviser of the Year 2012 at the Professional Adviser Awards. Headquartered in Mayfair, London, Bestinvest has 14 regional offices with 200 staff servicing clients with over £4 billion of assets.
Tilney is a leading investment and financial planning firm that builds on a heritage of more than 150 years. The Tilney Group operates under the Tilney brand for Investment Management and Financial Planning and Bestinvest for execution-only investing. We look after more than £22 billion of assets on our clients’ behalf and pride ourselves on offering the very highest levels of professional client service with transparent, competitive pricing across our entire range of solutions.
We offer a range of services for clients whether they would like to have their investments managed by us, require the support of a highly qualified adviser, prefer to make their own investment decisions or want to take more than one approach. We also have a nationwide team of expert financial planners to help clients with all aspects of financial planning, including retirement planning.
We have won numerous awards including Best Fund Platform and Best SIPP Provider at the 2017 City of London Wealth Management Awards; Investment Award – Cautious category in the Private Asset Management Awards; and Stockbroker of the Year, Execution-only Stockbroker of the Year and Self-select ISA Provider of the Year 2015, as voted by readers of the Financial Times and Investors Chronicle. We are pleased that our greatest source of new business is personal referrals from existing clients.
Headquartered in Mayfair, London, Tilney Group employs over 1,000 staff across our network of offices, giving us full UK coverage, and we combine our award-winning research and expertise to provide a personalised service to clients whatever their investment needs.