Quilter Cheviot has launched a Liquidity managed portfolio service (MPS), giving advisers a dedicated option for short-term cash needs or planned withdrawals.
The portfolio, which invests predominantly in a range of high-quality money market funds, will have an ongoing charges figure (OCF) of 0.1% and can be used as a standalone strategy or alongside the firm’s other MPS offerings.
It is part of a number of changes to its MPS range, which mark 25 years since the product suite was launched.
The IDX range has been rebranded as Index+, with three new funds added. This brings it in line with the firm’s Building Blocks MPS range, which is an actively managed solution investing in a combination of direct equities, bonds and external fund holdings. Both now span the same seven risk levels.
The Index+ range combines predominantly index-tracking funds with active alternatives, which the firm said strengthens diversification benefits. The total cost of the on-platform Index+ managed portfolios ranges from 0.28% to 0.37%.
Michelle Andrews, managing director, distribution at Quilter Cheviot, said: “Over the past 25 years, advisers have navigated changing tax rules, new regulations, evolving technologies, shifting client needs and geopolitical turmoil.
“Throughout it all, experienced investment management and diversified portfolios have remained essential. The continued growth of managed portfolio services reflects that enduring need.”
She added that choice matters and said the new Liquidity MPS and an enhanced index range are designed to help advisers support a broader range of clients without compromising asset allocation discipline or cost efficiency.