Apollo launches DFM service on Novia

Apollo Multi Asset Management has launched a discretionary fund management service with six risk managed portfolios on the Novia platform.

The asset manager says its DFM service, available from 1 June, is a fully RDR-compliant solution for advisers looking to outsource their investment management. After launching with Novia, the company is also looking to roll out the service onto other platforms. With a minimum investment of £5,000, the portfolios are aimed at smaller investors as well as large. Advisers can choose one of six risk-graded managed portfolios investing in a range of traditional assets including cash, equities, fixed interest and property as well as commodities, private equity, hedge funds and UCITS III ...