Cornelian offers discretionary service to top-end IFA market

Cornelian has launched a diversified portfolio service to give investors similar benefits to the fir...

Cornelian has launched a diversified portfolio service to give investors similar benefits to the firm's discretionary clients. Its Diversified Balanced and Diversified Growth Portfolios invest in the group's £12m Balanced and £29m Growth vehicles respectively. The aim is to give investors with about £75,000 access to benefits normally only available to clients with a minimum of £300k. Additional features include a more tax-efficient structure with no capital gains tax on purchases and comprehensive reporting every six months. Cornelian director John Jackson said the initiative is aime...