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Momentum Factor Series launches on Old Mutual Wealth platform


Momentum Global Investment Management  has extended its UK retail distribution footprint by adding its Factor Series fund range to the Old Mutual Wealth platform. 

This move follows a number of other platforms including FundsNetwork, Cofunds, Elevate, Standard Life, Aviva, Zurich and Transact, all who have added Momentum Factor Series to their propositions since its launch in late 2012.
Andy Davies, Head of UK Retail Sales at Momentum, says: “Old Mutual operate one of the biggest and most well regarded platforms in the UK adviser market so for us to work with them was a natural next step.  We recognise that post the RDR, advisers are operating on a more open architecture basis so this extension to our distribution network ensures our adviser partners can use our solutions across a broader range of customers.”
The Momentum Factor Series fund range provides financial advisers and their clients with a solution designed to deliver real returns (CPI +3 to +5 per cent) with strongly managed risk, underpinned by Distribution Technology risk ratings.
The range includes: PFS Momentum Factor 3 (UK CPI plus 3 per cent net with a Distribution Technology risk rating of 3); PFS Momentum Factor 4 (UK CPI plus 4 per cent net with a Distribution Technology risk rating of 4); and PFS Momentum Factor 5 (UK CPI plus 5 per cent net with a Distribution Technology risk rating of 5).
“The Factor Series range of funds is focused on beating inflation over the medium to long term while closely managing risk,” says Davies. “The level of volatility risk in the funds is clearly indicated through the Distribution Technology risk rating.  Many advisers see this outcome based approach to fund management as core to the future of their financial planning, and Momentum is very well placed to meet these needs.”
.8pt 340.15pt; mso-layout-grid-align:none;text-autospace:none'>Ashley Reeback, Partner and Head of Corporate at Howard Kennedy, says: “Immigration is a very specialised and complex area of law, that is often highly political and emotive. Antonia is a talented lawyer with a deep knowledge of the UK immigration regime. The Immigration Services practice will be of enormous benefit across our various areas of expertise.” 

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