Lighthouse Group has launched Luceo Asset Management, a wholly-owned subsidiary to offer in- house investment solutions to its core client base in the UK.
Luceo’s initial fund range, the Luceo Investment Funds, will comprise three active multi manager funds (Luceo 4, Luceo 5 and Luceo 6) which are designed to deliver risk-targeted returns to investors.
These funds sit within each of the three most popular risk bands for the group’s customer base.
The funds will be managed by Octopus Investments, an investment company with nearly £6bn under management on behalf of more than 50,000 investors. The funds will be available initially through a newly established platform relationship with Zurich.
Branded the ‘Lighthouse Zurich Platform’, the new service will provide advisers and their clients with instant access to, and transparency of, operation over this range of funds on terms bespoke to Lighthouse and its clients, the company said.
Lighthouse currently places around £900m of new investments each year on behalf of clients, a proportion of which flows into multi-manager funds.
Malcolm Streatfield, froup CEO of Lighthouse Group, commented: “We are delighted to launch Luceo Asset Management and to add the Luceo Investment Funds to our already well established range of financial solutions for Middle Britain. The introduction of the Luceo Investment Funds will provide appropriate, high-quality investment solutions to our clients, and we expect them to prove to be very attractive to the Group’s customers and advisers. We look forward to extending the Luceo investment range further in the future.”
“We are pleased to be working in conjunction with Octopus Investments and Zurich in launching these funds and look forward to delivering value to our customers, advisers and other stakeholders.”