Fidelity's adviser platform FundsNetwork has added discretionary fund manager 7IM’s range of active model portfolios (MPS).

The MPS has an annual management charge of 0.25%.

The 7IM Active Model Portfolio range has five risk profiles: cautious, moderately cautious, balanced, moderately adventurous and adventurous.

The range is also available through 7IM’s own platform, Fusion, Novia, Quilter, Standard Life and Transact.

The MPS range is managed by 7IM’s investment management team.

Verona Kenny, managing director, intermediary at 7IM, said: “At 7IM, we understand the importance of true diversification in a world of low bond yields and rising inflation and ensure that all of our portfolios, including our active range, provide an array of multi-asset options suitable for a wide range of risk appetites.

“We look forward to offering our products to a wider group of advisers to assist them in meeting their clients’ needs.”

Paul Richards, head of FundsNetwork distribution at Fidelity, said the platform sees discretionary fund manager MPSs as an integral part of its offering and is looking at expanding the solutions the platform offers.

The 7IM active MPS range is one of several DFM solutions added to the FundsNetwork platform this year.

In February the platform saw a rapid expansion in the number of DFM solutions on offer following an upgrade which supported the split payment of fees to advisers and DFMs.