Psigma Investment Management has cut the AMC on its discretionary fund range from 1% to 0.5% in a move to broaden its reach into the intermediary market.
The group's Managed Portfolio Service (MPS) will carry a maximum total expense ratio of 1.35%. The firm has also lowered the minimum investment on the range from £100,000 to £50,000. John Howard-Smith, CEO, said: "We are determined to support intermediaries in this new RDR world and particularly those who are looking to outsource their clients' investment requirements. MPS offers IFAs access to specialist investment advice, ongoing monitoring and portfolio management. "We believe our investment service offers institutional investment management for retail clients with a primary foc...
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