Invesco has revealed that it plans to launch the UK’s first Model Portfolio Service to utilise Intelliflo’s integrated Model Portfolio technology. 

The firm says its MPS “will harness the global investment expertise of Invesco and brings a 40 strong team to the task of building and maintaining model portfolios”.

This service will launch with a range of multi manager model portfolios to meet a variety of adviser and client needs.
 
Invesco says it will be the first firm to offer Model Portfolio Services via Intelliflo’s technology, integrated Model Portfolio Solutions (iMPS).

The MPS will be delivered to advice firms at the cost of £1 per client per month (plus VAT) to access the model portfolios.

The fee will also be capped at £70 per month (plus VAT) per advice firm.

Chris Lyes, head of retail distribution at Invesco, said: “Advisers in the UK face increasing challenges to meet evolving market and regulatory challenges.

“We believe that by bringing Invesco’s investment depth and expertise onto the cutting-edge technology of Intelliflo we can deliver improved choice, investment outcomes and value to advisors and their clients.
 
“Our scale as the one of the largest asset managers in the world means we can bring this robust investment proposition to the UK financial adviser at a market leading price.
 
“We believe in the value of financial advice, we believe a small amount of financial advice can make a real difference and ongoing financial advice can be life changing.”
 
Invesco has experience running a similar service in the US, through its Jemstep offering and says it will “look to leverage its expertise in providing a unique experience to the UK advisory market”.
 
The company plans to launch the MPS “later in the summer”.