Advisers offered equity stake in low-cost asset manager

TCF Investment has devised the Equity Partnership scheme that allows IFAs to own a share in the company through a model it describes as a “de-mutualisation for advisers”. The scheme is open to advisers who use its new Total Clarity range. This includes four funds with different risk profiles that invest in low-cost passive vehicles across UK and international equities, bonds, property and alternative assets. Its four portfolios are: defensive, cautious, diversified balanced and diversified long-term growth, all subject to a minimum investment of £10,000. Equity ­exposure ranges from 2...