Legal & General Investment Management (LGIM) will create six model portfolios (MPS) for financial adviser Richmond Wealth.
The portfolios will invest in active funds and exchange-traded funds managed by LGIM along with other active funds run by third-party managers. LGIM will be responsible for regular reviews and rebalancing of the portfolios and the mandatory due diligence rules as part of Consumer Duty rules. Richmond Wealth, which has offices in London, Belfast and Holywood, said the move would allow its advisers to focus on financial advice and the day-to-day engagement with clients. Richmond Wealth senior partner Chris Bryans commented: "The partnership is good news for our clients who will benef...
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