The proposition aims to provide intermediaries with an outsourced investment solution which enables them to continue to own the client relationship while drawing on the wealth management and investment expertise of the UK’s largest wealth manager through a range of professionally managed investment portfolios.
The service leverages Barclays unique investment approach, utilising its proprietary asset allocation and fund selection process across five actively managed risk-adjusted portfolios. Each portfolio is fully diversified across nine asset classes, ranging from short maturity bonds to alternative trading strategies, and invests in a combination of active and passive funds selected by Barclays in-house experts.
The service will initially be available exclusively via the award-winning wrap platform Ascentric, with further platform partnerships to be announced in the coming months as the offering expands in the intermediary market.
Bryan Parkinson, Director, Wealth and Investment Management at Barclays, said: “Against a changing adviser landscape, intermediaries are increasingly looking to outsource investment management to focus on client relationships.
“We know that intermediaries are seeking more than just traditional mutual funds for their clients and we believe through increasing the investment options available to them via five risk profiled portfolios, they can offer the best possible solutions.
“The launch of our enhanced discretionary service is a further step in our ongoing commitment to provide intermediaries with a range of RDR-ready investment solutions. This follows the successful launch of our Global Markets range which offers an innovative fund of fund structure investing exclusively in passive strategies.”