Aviva has added discretionary fund manager London & Capital's (L&C's) 13 portfolios to its platform.
They include ten actively managed and risk-graded growth portfolios, and three income portfolios. L&C's 25bps charge, along with a major distribution push, are major drivers of growth, said co-founder Richard Leigh (pictured). "We doubled AUM in 2012, and just two months into RDR [Retail Distribution Review], we are seeing a real surge of advisers outsourcing to access our portfolios," he said. Phil Ralli, senior marketing manager at Aviva, said advisers looked to "affordable DFM solutions" as a key part of their investment approach. The DFM is currently listed on a number of pl...
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