City Financial, the independent investment management firm with $4bn in group assets under management, has partnered with Novia Global to offer a range of three risk‐rated model portfolios to international financial advisers.
The City Financial Cautious, Moderate and Adventurous model portfolios are managed by the firm’s multi‐asset team, led by award‐winning veteran fund manager Mark Harris. The portfolios are managed within pre‐determined risk limits that are independently verified by Distribution Technology, an industry‐leading risk profiling company.
The portfolios will be marketed by Global Wealth Management Solutions (GWMS), a leading financial product marketing firm focused on global intermediaries. GWMS also distributes the City Financial Wealth Fund to international advisers.
Mark Harris, head of Multi‐Asset at City Financial, said: “Partnering with Novia Global is an exciting development, allowing us to offer a complete investment solution for international intermediaries. Risk management is already at the heart of our investment process, and it is logical for us to offer risk‐targeted model portfolios alongside our existing multi‐asset fund range.”
“We believe we can deliver attractive returns through our established approach to tactical asset allocation and differentiated fund selection,” Harris added.
Kevin Bull, director of asset management clients at Distribution Technology, said: “Distribution Technology is pleased to be working with City Financial and their risk‐targeted portfolios. This is an area of growing interest to IFAs both in the UK and internationally.”