UK IFA Ascot Lloyd has launched a range of five risk-targeted active OEICs through its sister company Avellemy.
The funds, which will also see Investment Fund Services Limited (IFSL) acting as the authorised corporate director, went live in April.
The products are mirrors of Avellemy's existing platform-based discretionary fund management (DFM) and managed portfolio service (MPS) active models, which have been running since September 2014. These solutions will now be available to investors through 13 platforms.
The multi-asset and multi-manager investment solutions will allow clients to align their investment portfolio to their risk appetite, based on Distribution Technology's risk profiling software.
Steven Lloyd, investment director at Ascot Lloyd, said: "Our existing MPS has provided clients with investment portfolios that are well-tailored to their risk appetite; this offering has received consistently positive feedback and delivered strong risk-adjusted returns since inception. The launch we are announcing today will enable us to offer similar solutions to a far broader range of clients and advisers.
"This is an important step for Ascot Lloyd's overall proposition, allowing us to service a wider range of clients, and underpins our commitment to ensuring we have the products and capabilities needed to match the evolving needs of our clients."
Martin Ratcliffe, associate director of business development at IFSL, added: "We're delighted to be working with Avellemy as authorised corporate director for the new funds. Our well-established partnership approach has helped to ensure a smooth launch and now we're looking forward to seeing the funds go from strength to strength.
"From day one, we've been impressed by the commitment of the Avellemy team to putting their investors' best interests at the heart of everything they do. We're very pleased that those investors, and Avellemy as a business, will be benefiting from all the advantages of a fund structure, including breadth of investment opportunities, tax efficiency and operational effectiveness."