AJ Bell, a UK-based provider of online investment platforms, has introduced an active version of its managed portfolio service, which features six portfolios.
The new range will be available through the AJ Bell Investcentre platform. The portfolios on the range will mirror the firm’s existing passive fund range and will include around 15 underlying active funds.
The firm also stated that although the new range will mainly invest in active funds, it may sometimes invest in a passive vehicle in absence of attractive active options.
The new portfolios will be benchmarked against risk profiles 3 to 8 in Distribution Technology’s Dynamic Risk Planner risk ratings.
Each portfolio will charge 0.15% per year as management fee, with ongoing charges ranging from 0.39% for level 3 to 0.84% for level 8. The total cost for the portfolios ranges between 0.57% and 1.02%.
AJ Bell Investments CIO and MD Kevin Doran said: “Advisers will now have access to managed portfolios matched to six risk levels, with an active and passive option in each level. This will enable them to meet the vast majority of their clients’ risk profiles, investment preferences, all at a market leading price point.”