Posted on: 23 January 2014
Verbatim launches Volatility Matched Investing service
23 January, 2014
Verbatim Asset Management, the research and investment services arm of the SimplyBiz Group, has restructured its Total Clarity investment portfolio in order to align the model to the firm’s independent risk-return and strategic asset allocation.
Verbatim acquired the Total Clarity OEIC in June last year, with a view to launching the vehicle as its preferred multi-asset passive investment solution. On the back of adviser demand, Verbatim has now completed the restructure of the portfolio to create a low-cost, high quality, passive investment strategy.
In addition, Verbatim has used its strength in the market to rebase the operating costs for the funds, to ensure that existing and early investors will get value for money irrelevant of volume.
Neil Stevens, Managing Director of Verbatim Asset Management, said: “This restructure ensures that the adviser has a robust investment process which operates independently of any platforms, products or fund solutions – essential in the post-RDR environment.
“We have built the adviser’s instructions into the supply chain so that firms managing assets for Verbatim clients have a clear understanding of what the adviser and client have agreed and there is a strict governance that monitors the ongoing suitability of this investment. Bringing this approach to passive investing as well as rebasing our costs will enable us to deliver to even more adviser firms and meet the needs of a broad range of clients.”
The TER figures for the Total Clarity Fund Range from 1st June 2013 to 30th November 2013, (since acquisition by Verbatim) are:
Total Clarity Defensive Portfolio 0.75%
Total Clarity Diversified Long Term Growth Portfolio 0.77%
Total Clarity Cautious Growth Portfolio 0.74%
Total Clarity Diversified Balanced 0.74%
Each of the Total Clarity portfolio funds will deliver a clear mandate for risk managed investments mapped to the Compliant Investment Process which was launched by the group in 2010. Verbatim has over 3000 users of its process with around 600 firms making use of its fund management services since launch.
The funds will continue to be available on a wide range of platforms including Transact, Standard Life, AXA Elevate, SIPP Centre, Novia, Nucleus, Avalon and it is expected others will be added very soon
