Equilibrium readies launch of in-house range

Equilibrium Asset Management is to launch its own range of in-house funds next year as it looks to curtail its use of platforms and avoid trading delays.

The Cheshire-based wealth management firm plans to launch one cautious, one balanced and one adventurous fund, with charging likely to be similar to existing private client portfolios. The firm said using its own funds will cut down on platform costs, and allow it to input any changes more quickly. Mike Deverell, investment manager at Equilibrium, said: "We hope this will be a more efficient way of working, and will improve performance and costs for clients. We expect replacing a wrap platform with funds will be simpler and cheaper, and the costs will reduce as the fund gets bigger. ...