Leicester-based Chartered Financial Planning firm Boolers has launched three new multi-asset fund of funds to expand its investment offering to clients.

Boolers will transfer around £500m of client assets from its model portfolios into the three funds which will be managed by its in-house investment teams.

The IFSL Boolers Cautious fund will have an ongoing charges figure (OCF) of 1.16% and will sit in the Investment Association’s mixed investment 20-60% shares sector.

The IFSL Boolers Balanced fund will have an OCF of 1.16% and sit in the mixed investment 40-85% shares sector.

The IFSL Boolers Adventurous fund will have an OCF of 1.19% and sit in the flexible investments sector.

The Financial Planner has appointed Marlborough Group’s investment fund services as the authorised corporate director for the fund.

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Gavin O’Neill, partner at Boolers, said the new funds will help set the firm up for growth.

He said: “The funds will help us to drive down investment costs through economies of scale while also providing a range of other advantages, including tax benefits and access to a wider range of investment options.

“We’re a proudly independent business, and we believe adding the funds to our investment proposition will help us maintain and build our competitive edge as we continue to turn our ambitious plans for growth into reality.”

Boolers is a pension scheme specialist. The Chartered Financial Planning firm has 60 staff and £1bn of clients assets under management.