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Sparrows Capital’s capped-fee SCore MPS available to UK advisers on Praemium platform


Sparrows Capital’s low-cost model portfolio service, SCore MPS, is now available to all UK advisers on the Praemium platform.Praemium’s UK adviser base can now access the SCore MPS model portfolios for all their clients for a maximum fee of GBP20 per month per client.

A pioneer of Evidence-Based Investing, Sparrows Capital launched SCore MPS in February this year. The current suite comprises 11 factor tilted model portfolios designed to deliver enhanced market returns as efficiently as possible.

Fees are just 0.1 per cent per annum, capped at GBP20 per underlying client, per month. This charge covers benchmark selection & portfolio construction, Index Fund/ETF selection & monitoring, risk management and rebalancing. The fee structure is designed to offer clear and predictable pricing, enabling advisers to deliver better value for money to their clients at a time when the whole industry is under scrutiny over costs.

Sparrows Capital’s head of adviser proposition, John Bennett, says: “Since launching the SCore MPS suite we have seen strong interest from advisers in this transparent, efficient, low-cost investment solution.

“What is particularly impressive with Praemium is their unique flexibility in delivering our capped-fee DFM service to advisers and their underlying clients. We are adamant that the fees charged for an MPS should not be tied to the size of a client’s portfolio, but most platforms lack the technology required to cap client fees. Praemium provided a solution immediately. As price-disruptors, Sparrows Capital and Praemium are a natural partnership.”

Praemium UK & International COO Mark Sanderson says: “We are delighted to be working with such a forward-thinking group as Sparrows Capital. Our innovative and flexible technology was a natural fit for their capped-fee MPS: the strength of their investment management, transparent pricing and our sophisticated technology have combined to provide something that is truly compelling for the industry. We see this as very much a first step in a long-term partnership.”

Yariv Haim, CEO of Sparrows Capital says: “We have developed the evidence-based approach over many years in conjunction with some of the most experienced economists in the world. Professor Elroy Dimson, former chair of the world’s largest sovereign wealth fund, Norway’s Government Pension Fund Global, is consultant to the board of Sparrows Capital and a leading expert in the field of Evidence-Based Investing.

“In offering model portfolios to investors at a market leading price point we are democratising an institutional-quality investment approach. This allows advisers to deliver dependable outcomes and unquestionable value to their clients.”

The SCore MPS suite is also available via Transact, Ascentric and 7IM, and as an advisory toolkit via Intelliflo.

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