The new Model Portfolio Service (MPS) offers growth and income model portfolios with varying risk profiles. 

The initial pricing is set at an annual management fee of 6bps.

The fund manager says the MPS provides access to an asset allocation team of over 30 investment professionals, headed by Emiel van den Heiligenberg. 

The team collectively oversees £63bn in multi-asset funds and will work in partnership with the Solutions team which oversees £200bn of institutional client portfolios. 

Justin Onuekwusi, head of Retail Multi Asset Funds at LGIM, will lead the Model Portfolio Service proposition.

The MPS range includes 21 growth-focused model portfolios and three ‘low-cost’ investment styles:

• The index-focused model portfolios will draw on LGIM’s passive vehicle expertise, offering exposure to a broad range of ETFs

• ESG-focused model portfolios will invest in ESG-focused funds, including LGIM’s Future World fund range

• Blended model portfolios will invest in active funds managed by LGIM and third-party managers

LGIM will also offer four income-focused model portfolios which also offer the potential for capital growth. 

Mr Onuekwusi said: “In today’s market, advisers need a bespoke, yet easily accessible, range of solutions that cater to a broad range of risk profiles, price points and investment styles – this is precisely why we have launched our MPS.

"Leveraging our deep multi-asset expertise and responsible investing and stewardship credentials, our primary focus will be selecting the most attractive investments across asset classes, backed by robust research and risk management, with the aim of achieving long-term returns for our clients.”