As part of Tavistock’s centralised investment proposition (CIP), the new Tavistock Profiles will combine the existing Tavistock Acumen Portfolios - baskets of passive investments, including exchange traded funds (ETFs) - with a range of actively managed BlackRock funds.
Tavistock portfolio strategists will use research data developed by BlackRock to target specific volatility ranges that match investor risk ratings identified by Tavistock’s attitude to risk (ATR) questionnaire.
Acumen Portfolios and Acument Only Profiles are constructed and optimised by Tavistock using iShares® by BlackRock. All eight of the Acumen products have outperformed their IA sector benchmark since inception, says Tavistock.
In keeping with Tavistock’s aim to provide investors with professional investment standards at the lowest possible cost, the discretionary fund manager fee for the Tavistock Profiles will be 0.125% plus VAT.
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Michael Gruener, co-head of EMEA Sales for iShares at BlackRock, said: “Blending ETF-based portfolios with active strategies can be a cost-effective and flexible way to invest, and we continue to see strong demand for this type of investment. We are pleased to be providing the research data that will support Tavistock’s new proposition.”
Brian Raven, Tavistock’s chief executive, added: “We are delighted to announce our collaboration with BlackRock, which will provide Tavistock’s clients with a world-class investment proposition. The portfolio construction of the Tavistock PROFILES using research allocation data from BlackRock is enormously valuable.
This is a huge step for Tavistock towards becoming a key influence in the UK financial services sector and we very much look forward to working with BlackRock.”
Tavistock Wealth is a wholly owned subsidiary of Tavistock Investments, an AIM-listed financial services group. Tavistock has more than 270 advisers an estimated £3 billion in assets under advice.