Chartered financial planning firm Fairstone has partnered with J.P. Morgan Asset Management, marking the launch of its NOVA managed portfolio service (MPS) range.
The NOVA MPS range is set to provide "institutional-grade investment solutions" to retail clients, with a management fee of 55 basis points. The service will utilise J.P. Morgan Asset Management's global equity and global bond capabilities. The NOVA MPS will launch for new clients on 1 March, seeded with over £500m on day one. Fairstone projects that the offering will drive incremental assets into its MPS ranges, targeting an additional £2bn in assets under management over the next year. Fairstone aims to bridge the gap between institutional and retail investment solutions through the...
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