The AJ Bell Managed Portfolio Service (MPS) and its range of multi-asset funds have been mapped to the risk ratings provided by Synaptic.
The new development means that AJ Bell’s MPS and its multi- asset funds are now risk rated by five of the main services used by financial advisers - Dynamic Planner, Finametrica, EValue, Defaqto and Synaptic. This offers advisers more choice and a slicker process to use the MPS in conjunction with the risk rating tools they may already have in their existing business process.
For advisers seeking a low cost solution for their clients, AJ Bell’s MPS offers 22 portfolios with active, passive or pactive investment approaches and capital growth and income options available. All of the portfolios have an Annual Management Charge (AMC) of 0.15% + VAT, with the Ongoing Charges Figure (OCF) dependant on the underlying investments in each portfolio.
The AJ Bell multi-asset funds also have an AMC of 0.15% (no VAT payable) with OCFs capped at 0.35% on the Growth fund and 1% on the Income and Income & Growth funds.
The table below shows how the MPS and funds have been mapped to the Synaptic ratings:
|
AJ Bell MPS |
AJ Bell Funds |
Synaptic risk rating |
|
MPS 1 |
Cautious |
2 |
|
MPS 2 |
Moderately Cautious |
3 |
|
MPS 3 |
Balanced |
3 |
|
MPS 4 |
Moderately Adventurous |
4 |
|
MPS 5 |
Adventurous |
5 |
|
MPS 6 |
Global Growth |
N/A |
|
MPS Income 1 |
Income |
2 |
|
MPS Income 2 |
Income & Growth |
4 |
Kevin Doran, chief investment officer at AJ Bell comments:
“We are committed to offering choice to advisers and this addition to our service is based on their feedback as many of them already use the Synaptic ratings in their existing business process. Risk mapping services make investment decisions easier for advisers so we’re pleased to add another risk rating tool for advisers to use when building and managing clients’ portfolios.”