16 Feb 2021
We're removing VAT from the 0.15% annual management charge on our Managed Portfolio Service (MPS). This applies to all 12 portfolios in the RSMR MPS: the three Responsible Portfolios and the nine Active 2-10 Portfolios. And our portfolios are now risk-rated by and available on Dynamic Planner and Synaptic Risk.
Our MPS offers advisers investment solutions to suit a wide range of clients in terms of their risk tolerance and investment preferences, including responsible investing. The portfolios are now risk profiled by Dynamic Planner and Synaptic and are available on the 7IM, Aviva, FundsNetwork, Nucleus, Quilter, Standard Life Wrap and Transact platforms and will soon be available on Standard Life Elevate.
We launched our first MPS Responsible portfolio, RSMR Responsible Balanced, a little under five years ago, and RSMR Responsible Cautious and RSMR Responsible Dynamic celebrate their three-year anniversaries in March 2021. Each has outperformed its most comparable IA sector average since launch*.
Commenting on the VAT move, Ken Rayner, CEO of RSMR, said:
‘We have been supporting the advice sector by rating funds since our launch in 2004, including responsible funds since 2012, and we have been managing portfolio solutions for the sector since 2012. We want to ensure that the RSMR MPS, comprising our best fund ideas and underpinned by our highly respected expertise and experience, remains a compelling solution to advice businesses.’
*Source: Morningstar, net of all fees, to end January 2021