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Brooks Macdonald's international discretionary fund management (DFM) services are now available through Generali Worldwide’s Professional Portfolio, the investment management group has announced.
International investors using Generali Worldwide’s Professional Portfolio are now able to access Brooks Macdonald’s multi-currency discretionary investment strategies, which are managed through the firm’s Channel Islands subsidiary.
Minimum investment amounts for a full DFM service through Brooks Macdonald’s six risk-rated International Managed Portfolio Strategies start from £50,000 with bespoke and alternative strategies available for portfolios of £500,000 or above.
Jonathan Mynes (pictured), Head of Adviser Solutions, International at Brooks Macdonald in Jersey, commented: “We are pleased to partner with Generali Worldwide to provide our discretionary investment solutions in a segregated account format held in our custody. This is another important step as we enhance our service proposition for advisers and expand the availability of our adviser offering internationally.
“Research shows that a large proportion of advisers’ time is spent on administration and drafting investment reports so our service will offer a quick and efficient way for advisers to complete this work through an accessible platform, giving them more time to spend with existing and potential clients.”
Commenting on the new initiative Nick Griffin, Chief Commercial Officer, Generali Worldwide, explained: “Financial markets these days are very fast-moving: share prices, exchange rates and commodities can all fluctuate dramatically on the smallest piece of news. Keeping up with events which can have an effect on investment portfolios is becoming ever more difficult and time-consuming. Our clients have expressed a desire to have a mechanism that facilitates a simpler, smarter and faster approach to managing these complexities and we believe that this extension to our already successful Professional Portfolio product with Brooks Macdonald goes a long way to fulfilling this request."
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