Rathbones launches Managed Portfolio Service

Rathbones, one of the UK’s leading providers of investment management services for individuals, charities and professional advisers, confirms the launch of the Rathbone Managed Portfolio Service to clients of financial advisers, with effect from 3 April, 2017. The service is offered on an execution-only basis whereby Rathbones implements client instructions following advice received from a financial adviser.

The investment service consists of six actively managed strategies, designed to preserve and grow wealth over the long term.

The six strategies, which suit different risk and return objectives, have been risk-rated by Distribution Technology, and invest in one or two of the £476m* Rathbone Multi-Asset Portfolio funds (‘the RMAP funds’), managed by David Coombs, head of multi-asset investment, Rathbone Unit Trust Management, and assistant fund manager, Will McIntosh-Whyte.

The strategies will be labelled Cautious, Balanced, Income, Balanced Plus, Equity and Equity Plus. While the ‘Income’ strategy is designed specifically to provide regular monthly income, the Cautious and Balanced strategies are also available in income versions, paying quarterly distributions. All strategies have return and volatility targets, and maintain a focus on achieving real returns.

The Rathbone Managed Portfolio Service is available to clients of Rathbone Investment Management Limited (‘RIM’) and has a minimum investment threshold of £15,000 per account. Clients will receive telephone and email access to a dedicated UK-based client service team, secure messaging for client communications and trade instructions, and a comprehensive reporting package, including a year-end tax pack to help investors or their accountants complete self-assessment returns. 

The strategies can be held within an ISA and will be available with a number of SIPP providers.

Mike Webb, group executive director of Rathbone Brothers Plc, said: “The Rathbone Managed Portfolio Service complements our other offerings to clients, from single strategy funds to bespoke discretionary portfolio management. It’s a new service that invests in existing in-house, multi-asset funds. Unlike ‘model portfolio solutions’, which might only deal monthly or quarterly, and therefore miss opportunities to deal at the best prices, clients of the Rathbone Managed Portfolio Service will benefit from the daily management of the RMAP funds, and the experience of a team that has demonstrated positive returns through different market conditions.”

Andrew Morris, head of investment management (regions), Rathbone Investment Management, said: “The Rathbone Managed Portfolio Service allows clients to access a range of risk profiles with a private client level of reporting, and we believe that this combination will prove an attractive addition to Rathbones’ range of investment services.”

David Coombs, lead manager of the Rathbone Multi-Asset Portfolio funds, said: “This year is likely to see continuing uncertainty, providing opportunities that active managers can exploit, both in stock selection and asset allocation. Against this backdrop, investors will require their investments to be managed in a way that will secure returns in real terms – growth and protection on the downside. By drawing together expertise from across Rathbones and capturing the best ideas from the broadest possible global universe of individual securities and funds, we look to provide that within a set of risk parameters.”

For more information, please contact:

Madhu Kalia

PR (UK Intermediary)

020 7399 0256/078 2559 6302

madhu.kalia@rathbones.com

Hugo Mortimer-Harvey

Quill PR

020 7466 5054

hugo@quillpr.com

 

Sam Emery

Quill PR

020 7466 5056

sam@quillpr.com

 

Notes to editors:

The Rathbone Managed Portfolio Service is offered by Rathbone Investment Management Limited (RIM) and invests exclusively in the range of Rathbone Multi-Asset Portfolio funds (the RMAPs funds) managed by Rathbone Unit Trust Management Limited (RUTM). Both companies are subsidiaries of Rathbone Brothers Plc. RIM does not take responsibility for the suitability of the investment(s). *Total assets under management as at 28 February, 2017.

The MPS range:

Strategy type

Objective

Target return

Invested in RMAP funds

Risk level

Estimated OCFs (as at launch)

Estimated yield

Cautious

Growth

6-month Libor + 2%

RMAP Total Return

Lower

1.06%

1.42%

Balanced

Growth

CPI + 2%

RMAP Total Return and RMAP Strategic Growth

Lower-to- medium

1.06%

1.55%

Income

Income

CPI + 3–5%

RMAP Strategic Income

Medium

1.19%

3.00%

Balanced Plus

Growth

CPI + 3–5%

RMAP Strategic Growth

Medium

1.06%

1.65%

Equity

Growth

CPI + 4–5%plus

RMAP Strategic Growth and RMAP Enhanced Growth

Medium-to-higher

1.10%

1.46%

Equity Plus

Growth

CPI + 5% plus

RMAP Enhanced Growth

Higher

1.15%

1.14%

 

Performance of the Rathbones Multi-Asset Portfolio Funds:

Performance (%)

1m

3m

6m

1yr

3yr

5yr

Since inception

Rathbone Enhanced Growth Portfolio Fund

2.94

6.58

8.19

25.82

36.41

54.75

01/08/2011-28/02/2017:

55.83

UK Consumer Price +5%

0.00

0.79

2.54

6.22

17.47

35.49

42.12

Rathbone Strategic Growth Portfolio Fund

2.13

4.64

5.87

16.49

26.55

49.08

10/06/2009-28/02/2017:

93.03

UK Consumer Price +3%

0.00

0.48

1.73

4.37

11.07

23.28

47.21

UK Consumer Price +5%

0.00

0.79

2.54

6.22

17.47

35.49

70.59

Rathbone Strategic Income Portfolio Fund

2.28

5.37

4.76

15.87

-

-

1/10/2015-28/02/2017:

18.26

UK Consumer Price +3%

0.00

0.48

1.73

4.37

-

-

5.25

UK Consumer Price +5%

0.00

0.79

2.54

6.22

-

-

7.98

Rathbone Total Return Portfolio Fund

1.38

2.49

1.73

7.10

16.68

28.27

10/06/2009-28/02/2017:

61.58

Sterling LIBOR 6-Month +2%

0.19

0.61

1.25

2.61

8.26

14.41

24.28

Source: FE analytics; S-Class acc, bid-bid sterling total return to 28 Feb 2017

Volatility as a percentage of MSCI World TR in GBP:

Portfolio funds:

1 year

3 year

5 year

Target

Rathbone Enhanced Growth Portfolio Fund  

84%

99%

100%

<100%

Rathbone Strategic Growth Portfolio Fund

49%

58%

57%

<66%

Rathbone Strategic Income Portfolio Fund

58%

N/A

N/A

<66%

Rathbone Total Return Portfolio Fund

32%

30%

38%

<33%

With long-term track records, these funds have proven their ability to deliver returns through a variety of different market conditions. The four funds are well diversified, which means they aim to reduce risk by investing in different assets, which do not behave in the same way at the same time.

Biographies

Andrew Morris - Head of investment management (regions)

Andrew Morris is responsible for Rathbones’ investment management business in the UK, outside of London. He also manages a large number of client portfolios. He has spent his entire working career at Rathbones in private client management and joined the group executive committee in July 2015.

Philip Rennie - Investment director – Rathbone Investment Management

Philip Rennie is an investment director and is responsible for the Rathbone Managed Portfolio Service on behalf of Rathbone Investment Management. Philip joined Rathbones in 1997 having previously qualified as a professional member of the Chartered Institute of Purchasing and Supply. Phil completed the Securities Institute Diploma and subsequently qualified as a Chartered Fellow of the Charted Institute for Securities and Investment as well as achieving the designation of Chartered Wealth Manager. Phil is responsible for managing investment portfolios for private individuals, trust and Self Invested Personal Pension funds. He reports to Andrew Morris.

RMAP funds manager profiles

David Coombs - Head of multi-asset investments, Rathbone Unit Trust Management, and lead manager of the Rathbone Multi-Asset Portfolio funds

David joined Rathbones in 2007 and is lead manager of the Rathbone Multi-Asset Portfolio funds. He is a member of Rathbones’ Investment Executive Committee and Strategic Asset Allocation Committee. David is responsible for developing Rathbones’ investment propositions for national financial advisory firms and networks. He has over 30 years of investment industry experience, much of it managing multi-asset portfolios. David is an associate of the Chartered Institute of Financial Services.

Will McIntosh-Whyte

Assistant investment manager of the Rathbone Multi-Asset Portfolio funds

Will joined Rathbones in 2007 and works with David managing the Rathbone Multi-Asset Portfolio funds. Will has worked as an investment manager with institutional clients. He is a CFA charter-holder, and is a member of the Managed Funds and Fixed Income Committees. He graduated from the University of Manchester Institute of Science and Technology (UMIST) in 2006.