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Principal launches wrap solutions service


Principal Investment Management, a private client investment management firm, has launched a wrap solutions service called WealthSpace.

WealthSpace enables private investors to invest in cost-efficient portfolios on managed platforms, actively managed by Principal’s investment professionals, using a straightforward charging structure with no additional hidden fees.
Principal has developed a range of model portfolios which can be accessed on a number of major platforms. The models have been aligned to industry standard risk profilers, matching clients’ investment objectives and their attitudes to risk.

Principal’s investment team will monitor the investments regularly to ensure the portfolios remain within the defined strategy.
Adrian Jewitt, Principal’s sales and marketing director, says: “This new innovative service means private investors can enjoy the benefits of professional discretionary management, even if they do not have large sums to invest. A range of clearly defined, risk-graded profiles are available. So whether they have a cautious or an adventurous attitude to risk – we can help.”
The investment team will rebalance clients’ portfolios every quarter (more frequently, when appropriate) to ensure they are in tune with the latest market movements.

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