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30 March 2021

Redmayne Bentley launches a truly active and digital MPS for investors


Redmayne Bentley has announced the launch of its first digital-only advice service, its Managed Portfolio Service (MPS) service to savers and investors. The investment management firm has a history of innovation from its beginnings in 1875 through to today, including this new digital service.
 
This new online MPS is for anyone with £20,000 or more to invest (or £9,000 if investing for children within a Junior ISA), and is available with Redmayne Bentley’s ISA, JISA, SIPP and general investment accounts.
 
MPS has one simple Annual Fee of 0.75% + VAT with no transaction, platform or ISA/JISA charges. For full details of Redmayne Bentley’s MPS visit www.redmayne.co.uk/mps
 
Savers and investors are encouraged to visit the firm’s online MPS site, where they can find out more and answer some simple questions about themselves and what they are looking to achieve with their savings. The firm’s propriety profiling software, which is based on years of investment management experience, will advise of the most suitable portfolio.
 
MPS providers typically facilitate their offerings through the selection of unit trusts, OEICs and exchange-traded funds (ETFs) to match to the investor’s objectives and which need little oversight, enabling a low-cost product to mop-up this segment of the market. However, Redmayne Bentley’s MPS benefits from a truly active discretionary investment management, enabling a wider range of investors to access a portfolio service which is usually restricted to high net worth investors.
 
Commenting on the launch, Redmayne Bentley’s Director and Head of Investment Management James Andrews said:
 
“I am delighted to bring a truly actively managed and institutional grade offering to the wider public via a purely digital service.
 
“We live in disruptive times, yet financial services and particularly private client investment managers have been slow to adapt and to move forward to meet the expectations around digitally led services.
 
“Providers that have forged ahead have done so with passive and low-cost offerings. We wanted to be different, and to bring a truly active and high-quality approach to the digital financial services market.
 
““We utilise our stock picking expertise that is enjoyed by high net worth clients, and invest in direct equities, actively managed funds and ETFs across a diverse set of asset classes. It’s easy to talk about the benefits of this approach over say a more passive style, however the evidence in terms our performance to date demonstrates this far better than I could articulate.
 
“We look forward to exciting times ahead with both this new digitally-led service and our highly personal bespoke manged services as we continue to grow and invest for the future.”
 
The Managed Portfolio Service has been run offline initially for the firm’s clients and all four risk-based portfolios have outperformed their benchmarks since their inception in Summer 2019.
 
  12 months to 28/02/21 Since inception
Redmayne Bentley’s MPS Cautious Portfolio 5.11% 10.87%
ARC Sterling Cautious Index 5.17% 7.15%
Redmayne Bentley’s MPS Moderate Portfolio 19.84% 23.27%
ARC Sterling Balanced Asset Index 8.08% 9.48%
Redmayne Bentley’s MPS Progressive Portfolio 21.72% 24.19%
ARC Sterling Steady Growth Index 10.63% 11.62%
Redmayne Bentley’s MPS Adventurous 34.32% 36.49%
ARC Sterling Equity Risk Index 14.08% 14.66%
 
The value of investments may go down as well as up, and investors could get back less than the amount invested.
 
Earlier this month, Redmayne Bentley was recognised by both investors and industry peers for its service excellence in the annual City of London Wealth Management Awards (COLWMA). The firm received the award for ‘Best Advisory Service’ and was highly commended for: ‘Regional Wealth Manager of the Year: Northern England’.  Ten of the firm’s stockbrokers and investment managers also received individual recognition with nominations in the categories for ‘Wealth Manager of the Year’, ‘Outstanding Individual Achievement’ and ‘Exceptional Customer Service’.
 
More recently the firm was awarded the coveted ARC 3D award, which is an independent endorsement of Redmayne Bentley’s commitment to the principles of transparency, engagement and integrity.
 
Redmayne Bentley is authorised and regulated by the FCA. The firm participates in the Financial Services Compensation Scheme (FSCS); eligible investments are covered by the scheme up to £85,000 per client and cash deposits are separately covered under the Deposits Protection scheme up to £85,000 per individual, per institution in the event the institution fails.
 
To find out more about Redmayne Bentley’s MPS visit www.redmayne.co.uk/mps
 
 
Redmayne Bentley launches a truly active and digital MPS for investors
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