Thorntons Investments AIM IHT and MPS model portfolio services now available on Ascentric
Discretionary investment manager Thorntons Investments has announced that its AIM Inheritance Tax Portfolio Service and Managed Portfolio Service (MPS) are now available on the Ascentric Platform.
Thorntons Investments has been managing AIM portfolios since 2006, and their AIM IHT Portfolio Service, which first became available as a model portfolio on the Standard Life Wrap in 2017, has since attracted investment of over £10m. Thorntons Investments charges an AMC of 1% plus VAT for this service.
Launched in 2014, and now approaching £100m, the five risk-targeted investment models in the Managed Portfolio Service – Cautious, Steady, Moderate, Progressive and Adventurous – are also available on the Standard Life, Nucleus, Novia and Zurich adviser platforms.
With more than £400m assets under administration and advice, the Dundee based company’s models are designed to generate attractive long-term growth and income, whilst carefully controlling risk and volatility. The MPS Ongoing Charge Figures (OCF) range from 0.53% to 0.67%. These exclude the Thorntons fee of 0.30% plus VAT.
Matt Strachan, Chief Investment Officer at Thorntons Investments, said: “We are delighted to expand the availability of our AIM and MPS services to intermediaries who use the Ascentric Platform. This is part of our distribution growth strategy and we hope to make further announcements later this year.”
Justin Blower, Head of Sales & Marketing at Ascentric said: “With the breadth of our investment proposition, there’s a natural affinity with investment focussed advisers and planners. Having a business of Thorntons Investments’ quality bring their range of models onto our platform is a key part of our strategy to support our existing users and expand our presence in Scotland and beyond”.