IBOSS has launched a new discretionary management service comprising nine risk-rated portfolios.
The Managed Portfolio Service will sit alongside the firm's existing advisory and OEIC offerings, which launched in 2008 and 2016 respectively, and administer over £1.2bn of assets. The new service will be white-labelled for advisers in keeping with the firm's other propositions, with advisers and financial planners the sole focus of IBOSS. Quarter of advisers saw 10%-plus pay rise after adopting DFM model IBOSS investment director Chris Metcalfe said that they will "never deal directly with investors" as it "creates a conflict of interest". He added: "We launched the service in...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes