WORKING WITH IFA's
Tideway is keen to work with Independent Financial Advisers who have decided to outsource some or all of their investment portfolio management responsibilities to third party discretionary fund managers. We firmly believe this is the only real course of action for those who want to be active in the lump sum pensions and investment market above £100,000 and maintain their whole of market independent status in 2013 and beyond.
In deciding who to outsource to the key issues IFAs need to ensure are:
- That the service selected is a clearly differentiated investment proposition to a traditional insurance company managed fund
- That the service is cost efficient to the client, we believe this means keeping costs below 2% per year, including IFA fees and all third party costs
- IFAs protect their relationships with their customers and are an integral part of the on-going service year by year.
Tideway’s IFA service has been designed by an IFA for IFAs and addresses all of these three points.
- The investment proposition is very different to a 60/40 equity/bond fund both in terms of the underlying investments, the investment process and what the client gets to see when they look at their portfolio
- The Tideway solution costs around 1.2% p.a. including all costs so that an IFA can charge up to 0.75% and deliver a sub 2% p.a. solution to their client
- Tideway never contacts your customer, the account set up, portfolio reviews and funds in and out of the accounts are all arranged between the client and the IFA.
The Tideway IFA solution combines a low cost account with the UK's leading discount broker Selftrade that can be opened directly as an unwrapped investment account, via an ISA account or via a SIPP. There are currently three multi-asset model portfolios to recommend to your clients that allow you to get an appropriate mix of absolute return, high yielding bonds, high yield equities and growth equities depending on their objectives:
- High Income
- High Growth
- Balanced Growth
For more information on the portfolios see the Model Portfolio 2011 Review.
Absolute return is achieved through Tideway’s flagship Global Navigator UCITs fund which is available as a standalone fund as well as part of the model portfolios. Click here for more information.
For more information on how Tideway IFA can help you bring performance and low costs to your client's investments and build recurring asset based fees from investment business please contact James Baxter. Tel: +44 203 178 5982; Mob: +44 7980 845137; e-mail: james.baxter@tidewayinvestment.co.uk
Important warning: target returns can never be guaranteed and the value of investments and the income they produce can fall as well as rise.
