Brooks Macdonald Asset Management (BMAM), a discretionary manager firm, is the latest investment specialist to offer its managed portfolio service via Elevate.
Ahead of the RDR, advisers will be able to delegate investment management to specialists and reduce day-to-day administration.
There is no restriction on portfolio size and the service is available through a variety of different models and funds to match clients’ risk attitudes.
Funds available through the BMAM Managed Portfolio Service will be IFSL Brooks Macdonald Defensive Income Fund, IFSL Brooks Macdonald Cautious Growth Fund, IFSL Brooks Macdonald Balanced Fund and IFSL Brooks Macdonald Defensive Capital Fund.
Andrew Shepherd, joint managing director of Brooks Macdonald, said: “This is an important step for Brooks Macdonald in supporting the IFA community’s increasing use of platforms and we are keen to avail ourselves to advisers via whichever medium they choose to operate through.”
David Thompson, managing director of marketing and distribution at AXA Wealth, said: “We have seen a strong start to the year and for the Elevate platform with assets surpassing £4bn, but we continually look for ways to improve the service we offer advisers.
“We have an ‘RDR-ready’ proposition and partnerships like the one with Brooks Macdonald ensures that AXA Wealth is able to offer advisers expertise and a broad investment choice.”