Cazenove launches model portfolio service for advisers

The portfolios, which will be run by Cazenove's discretionary fund management (DFM) team, have risk ratings from Distribution Technology ranging between 'three' and 'seven'. Advisers will initially be able to access the portfolios through the Standard Life Wrap Platform. Cazenove will then consider making them avilable on other platforms if there is enough demand from advisers. The six actively-managed portfolios carry an annual management charge of 0.3% and require a minimum investment of £50,000. By comparison, Cazenove's bespoke DFM solution has a minimum investment of £200,000....