We charge a portfolio management fee of 0.15% (no VAT) plus the weighted OCF of the underlying funds within each portfolio, which varies according to the risk level of the portfolio - full details can be found on our factsheets.
Our models follow an asset allocation methodology that represents RSMR’s best ideas and are currently risk-rated by both Dynamic Planner and Synaptic, and our actively managed range of portfolios - Rfolios – are risk profiled by Defaqto. We also work with firms that use other risk tools, offering support in mapping our portfolios against different risk parameters.
Aviva, Fidelity Adviser Solutions, Nucleus, abrdn Elevate, abrdn Wrap, Transact and Quilter
We send out regular supporting information on each of our portfolios – this includes:
RSMR operates under ‘Agent as Client’, which is the most appropriate structure for the type of MPS models that we operate. We treat you, the adviser, as a professional client and provide the necessary selection of portfolios to suit a wide range of client objectives, leaving you with complete control of your client relationships and responsibility for portfolio selection and suitability.
RSMR has carefully considered the relative pros and cons of Agent as Client versus Reliance on Others and at the present time we will only operate under Agent as Client.
Feedback from advisers has overwhelmingly shown us that client sovereignty is one of the most important aspects of their relationship with an MPS provider – the Agent as Client structure means that RSMR will have little knowledge of who the end investor is.
The status of ‘Professional Client’ has, quite understandably, raised concerns that investment choices could be made that would not otherwise be suitable for a retail investor. RSMR’s approach to running MPS models is to only select collective funds, listed within an appropriate IA sector and which have already undergone the rigorous due diligence process to award an RSMR rating.
Our strict investment mandate, selecting only RSMR rated funds, is the best of both worlds – it allows us to support advice firms on a professional basis with underlying fund selections that meet the required standard to be recommended to all retail clients.
We formally review each of our portfolios on a quarterly basis (in January, April, July and October) but new data, asset class views and any potential portfolio fund changes are frequently discussed within the team.
Every quarter we review each of our portfolio strategies and assess them for any changes to either strategic/tactical asset allocation and/or fund choice. If we feel that a rebalance is necessary to maintain the risk/return characteristics of our models then we will do so, but we are also mindful of the costs of trading which can be detrimental to performance over the longer term.
ESG factors represent potential risks to any fund’s holdings, irrespective of the fund’s badge, therefore we consider ESG to be an integral part of the research process for all funds we assess, monitor and ultimately rate.
We introduced Responsible fund ratings back in 2012 (called SRI ratings at the time and subsequently renamed as 'Responsible') in response to demand from our advisory clients. Funds which receive our Responsible rating need to satisfy our additional criteria. As part of our Responsible fund rating process, we determine which of the four RSMR Responsible categories the fund belongs in:
We launched the RSMR Responsible Balanced Portfolio in June 2016, initially as an advisory portfolio but then converted to a discretionary portfolio in March 2018, at which point we also added the Responsible Cautious and Responsible Dynamic portfolios. We have been running standard and Responsible (or SRI) client portfolios comprising RSMR rated funds for advice businesses for much longer than that.
This is intended for investment professionals and should not be relied upon by private investors or any other persons. Past performance is not a guide to future performance. The value of investments and any income from them can fall as well as rise, is not guaranteed and your clients may get back less than they invest. RSMR MPS is provided by RSMR Portfolio Services Limited. RSMR Portfolio Services Limited is a limited company registered in England and Wales under Company number 07137872. Registered office at Number 20, Ryefield Business Park, Belton Road, Silsden BD20 0EE, RSMR Portfolio Services Limited is authorised and regulated by the Financial Conduct Authority under number 788854. RSMR is a registered Trademark.