This is aimed at advisers who want the services of a DFM but don’t necessarily want the DFM to meet with the end client.

The company also said it would be enhancing its five year old Model Portfolio Service, and its full service Discretionary Management Service.

Robert Poulten, head of business development for 7IM said: “Many advisers tell us they want to access 7IM's strategies but with full control of their client relationships, whilst maintaining ongoing responsibility for suitability. This new service allows advisers to do just that: drawing on 7IM's experience, expertise and resources to tailor bespoke investment proposals, and with support on tax allowance optimisation, and ongoing due diligence.”

The company stated: “Clients benefit from 7IM's global, active asset allocation driven approach and whole of market underlying holdings, including actives, passives and alternatives implementation, and all with active currency management. 7IM remains in the background: creating, managing and maintaining client portfolios, and giving advisers more time with their clients.”

Mr Poulten said the 7IM Discretionary Management Service has also been “significantly enhanced”, with the choice of unitised or segregated portfolios, and with developments to its Manager Selection Service.

He said: “All advice firms have different proposition and service models. These new discretionary service enhancements give the widest choice of DFM configuration to suit an advisers business and their clients.”

The number of asset classes within the The Model Portfolio Service has been “greatly expanded” to include alternative investments, aligning them more closely with the 7IM funds range, 7IM said.

The firm said it had improved MPS client reporting to give more transparency and explanation of what is happening in the portfolios.