Wealth manager and Financial Planner Clifton Asset Management has launched Eden Park Investment Management to provide Discretionary Fund Management to advisers.

The company will partner with experienced DFM providers and investment managers Charles Stanley and Brewin Dolphin to provide the service.

EPIM will offer two model portfolios – with five risk-rated models in each:

• The Brunel range will be managed by Brewin Dolphin using an active fund approach and will have a fee of 0.3% (incl VAT).  
• The Cabot range will be managed by Charles Stanley utilising a passive / index tracking approach and will have a fee of 0.25% (incl VAT).

The ongoing charges figure (OCF) for the Brunel balanced portfolio will be approximately 0.51% and Cabot balanced 0.14%.

EPIM-Principle Investment Manager Alan Sippetts, who has held senior positions at Heartwood Investment Management, Lloyds Private Banking and Legal & General Investment Management, will lead the new operation.

EPIM chief executive Anthony Carty said: “There are many good providers of DFM services but we are delighted to announce today that we have chosen to partner with Brewin Dolphin and Charles Stanley - as they have enviable past performance track records as well as a significant depth of resource within their respective investment management divisions.”

The EPIM portfolios will initially be available on Clifton’s recently launched investment platform – Viewpoint Portfolio. The platform technology is powered by Hubwise and is priced at 0.3% with a fee cap of £800 per annum.

Alan Sippetts, EPIM’s newly appointed manager, said: “I am very excited to be driving the new discretionary investment process of EPIM. We believe that both ‘active’ and ‘passive’ investment approaches have merit and a part to play in building a suitable client portfolio. Therefore, under the EPIM umbrella, clients and their advisers will have the choice of one or the other or they can mix or match.”