Ingenious Asset Management, part of UK based investment and advisory group Ingenious, has been appointed by MPA Financial Management, the UK based IFA firm, to provide a range of core investment management solutions for its clients.
MPA provides bespoke financial planning in the UK and the partnership with Ingenious will allow the provision of tailored investment solutions for MPA clients with assets currently in excess of GBP75,000.
The portfolios will be run on Novia’s online wrap platform which provides the flexible structure necessary for the model proposition. The platform will allow a full menu of investment options to be offered by MPA, from simple ISA portfolios to a full discretionary service.
Ingenious’ appointment is a key development in MPA’s strategy to expand its client proposition while the firm separates its advice and investment offerings ahead of the implementation of the FSA’s Retail Distribution Review (RDR) in 2013.
Founded in 2003, Ingenious Asset Management manages client assets primarily in global multi-asset portfolios and invests through collectives (unit trusts, OEICs, ETFs, investment trusts) to ensure clients are provided with better risk adjusted returns.
Guy Bowles (pictured), chief executive officer of Ingenious Asset Management, says: “We are extremely pleased to have been appointed by MPA, a business with clear ambition for growth. Our skills in constructing model portfolios are well-suited to MPA’s business objectives, as well as other IFAs seeking new solutions to become RDR compliant, and we look forward to forming an integral part of the investment process going forward.”
Phil McGovern, managing director at MPA, says: “As part of our RDR process we have been looking to partner with a number of world-class, discretionary managers that can run a range of risk rated model portfolios for our MPA Wealth clients. We have chosen Ingenious to be one of the main providers of the active portfolios as their culture, research, excellence and people match our own. Having met Guy and his team on a number of occasions, I am firmly of the belief that I can trust this company with our clients’ wealth.”