Rayner Spencer Mills launches £240pm investment service for small firms

Research and ratings group Rayner Spencer Mills Research (RSMR) has launched a range of model portfolios for directly authorised small advisory firms.

The new service - Rfolios - offers advisers seven model portfolios comprising a range of "well-known" active funds, all rated by the firm. It is aimed at firms operating with one or two advisers and will cost advisers a flat, monthly fee of £240. The portfolios are intended to match an adviser's existing risk profiling approach, director Geoff Mills (pictured) said, and come with guidance to help advisers when they are discussing suitability, risk and capacity for loss with their clients. The portfolios are reviewed every six months by RSMR, which will alert advisers of any changes...