The company will partner with experienced DFM providers and investment managers Charles Stanley and Brewin Dolphin to provide the service.
EPIM will offer two model portfolios – with five risk-rated models in each:
- The Brunel range will be managed by Brewin Dolphin using an active fund approach and will have a fee of 0.3% (incl VAT).
- The Cabot range will be managed by Charles Stanley utilising a passive / index tracking approach and will have a fee of 0.25% (incl VAT).
The ongoing charges figure (OCF) for the Brunel balanced portfolio will be approximately 0.51% and Cabot balanced 0.14%.
EPIM-Principle Investment Manager Alan Sippetts, who has held senior positions at Heartwood Investment Management, Lloyds Private Banking and Legal & General Investment Management, will lead the new operation.
EPIM chief executive Anthony Carty said: “There are many good providers of DFM services but we are delighted to announce today that we have chosen to partner with Brewin Dolphin and Charles Stanley - as they have enviable past performance track records as well as a significant depth of resource within their respective investment management divisions.”
The EPIM portfolios will initially be available on Clifton’s recently launched investment platform – Viewpoint Portfolio. The platform technology is powered by Hubwise and is priced at 0.3% with a fee cap of £800 per annum.
Alan Sippetts, EPIM’s newly appointed manager, said: “I am very excited to be driving the new discretionary investment process of EPIM. We believe that both ‘active’ and ‘passive’ investment approaches have merit and a part to play in building a suitable client portfolio. Therefore, under the EPIM umbrella, clients and their advisers will have the choice of one or the other or they can mix or match.”