Fintech and investment provider Timeline has launched its first multi-asset fund, after receiving regulatory approval by the FCA.

The firm said the fund is expected to have an ongoing charges figure of 0.20%.

It will offer a range of risk profiles from 40% to 100% equity allocations and Timeline said it will complement its existing proposition, including advanced planning software, evidence-based model portfolios, and proprietary platform technology.

Northern Trust Asset Management has been appointed as the sub-investment manager. Northern Trust has also been appointed to provide custody, depositary and fund administration services to the fund range.

Abraham Okusanya, Timeline’s CEO and founder, said: “Many advisers we already work with have told us they would welcome a Timeline-branded fund, and we’ve involved them throughout the preparation phase.

“Multi-asset and multi-manager funds are now the most used investment strategies for new client money and growing faster than any other category. Launching our own fund is a logical next step.”

He said the firm’s long-standing relationship with Northern Trust “means we’re hitting the ground running. We’re ready to move quickly and are already in conversation with over 70 advice firms who have expressed active interest.”

Northern Trust has more than $18.1trn (£13.43trn) in assets under custody/administration and $1.7trn (£1.26trn) in assets under management, as of 30 June.

Michael Hunstad, president, Northern Trust Asset Management, said: “As well as showcasing our indexing capabilities, this mandate highlights our commitment to further embedding NTAM in the UK market.”

Timeline recently said it had moved past £10bn in assets under management.