News

7IM adds Smith and Williamson managed portfolio service

  • Written By: Mickey Morrissey
  • Published: Tue, 24 Jul 2018 10:44 GMT

Smith & Williamson has announced that its managed portfolio service (MPS) has been added to the 7IM Platform.

MPS 7IM SOCIAL 1200X627 Jul 18

Smith & Williamson’s MPS – which has £241m* of assets under management - gives investors a choice of a six Distribution Technology risk-rated models and is 5-star Defaqto rated**. The models are actively managed and built using a range of investment tools including open-ended funds, investment companies and exchange traded funds (ETFs).

7IM adds to several other external platform providers, including Ascentric, Novia, Standard Life and Transact, which Smith & Williamson’s models are already available on.

Mickey Morrissey, head of distribution at Smith & Williamson commented: “We are delighted that 7IM is making our managed portfolio service available to advisers through its platform. 7IM has a good reputation amongst intermediaries and a number of our clients have asked for our models to be added to its platform.”

Verona Smith, Head of Intermediary, 7IM said: “7IM currently makes 31 external discretionary fund managers (DFMs) available on the 7IM Platform, adding Smith & Williamson widens our offering. We added Smith & Williamson due to the adviser demand we have received.”

*As at 30 June 2018
**The Smith & Williamson managed portfolio service has been awarded a 5-star Defaqto rating in 2014, 2015, 2016 and 2017.

DISCLAIMER
By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of publication.

Notes to editors
Smith & Williamson is an independently owned financial and professional services group. The firm is a leading provider of investment management, financial advisory and accountancy services to private clients, professional practices, entrepreneurs and mid-to-large corporates. The group’s c1,700 people operate from a network of twelve offices: London, Belfast, Birmingham, Bristol, Cheltenham, Dublin (City and Sandyford), Glasgow, Guildford, Jersey, Salisbury and Southampton.

Risk warning
Investment does involve risk. The value of investments and the income from them can go down as well as up. The investor may not receive back, in total, the original amount invested. Past performance is not a guide to future performance. Rates of tax are those prevailing at the time and are subject to change without notice. Clients should always seek appropriate advice from their financial adviser before committing funds for investment. When investments are made in overseas securities, movements in exchange rates may have an effect on the value of that investment. The effect may be favourable or unfavourable.

Smith & Williamson Investment Management LLP.
Authorised and regulated by the Financial Conduct Authority.