Cazenove to run Towergate multi-asset range

Towergate Financial has launched its active multi-asset portfolios (MAPs), to be managed by Cazenove Capital.

The active MAPs will be managed by Marcus Brookes and Robin McDonald, co-managers of the Cazenove Capital multi-manager products. Sitting alongside the firm's passive MAPs, launched last November and managed by Evercore Pan-Asset, Towergate says its new active management option will help advisers adapt to the RDR. The MAPs will consist of five portfolios with risk ratings from 2-6 and will have exposure to bonds, cash, equities and alternatives. "They have the flexibility to use any FSA-registered security or collective investment scheme and any security available via Towergate," ...