Schroder Investment Solutions’ range of funds and model portfolios will be available on a range of platforms from May.

The range will include fully active, blended active-passive and sustainable solutions.

Schroders said they launched the new business in response to demand from financial advisers for low-cost funds and model portfolios.

The model portfolio service, available from 5 May, will consist of the Schroder Active, Strategic Index and Sustainable ranges, offering an annual management charge of 15bps. Each range will have between six and nine model portfolios covering a spread of risk ratings. An income model portfolio will also be available.

Schroder Investment Solutions will include two ranges of Multi-Asset funds, available from 27 May, the Schroder Tactical Portfolios and the Schroder Blended Portfolios.

The Schroder Tactical Portfolios, which will be capped at 29bps, will enable investors to access Schroders funds traditionally unavailable to retail investors and allocate to lower-cost passive instruments where appropriate.

The Schroder Blended Portfolios, which are a whole of market solution, have been rebranded from Schroder Portfolios to reflect their allocations to a mix of active and passive investments.

The investment management firm has named Alex Fund as chief investment officer of the new business who will work alongside Schroders £169.4bn multi-asset team led by Johanna Kyklund.

Doug Abbott, head of UK intermediary at Schroders, said: “We are excited at the prospect of working closely with financial advisers to ensure that the investment objectives of their clients continue to be met with these new products.”