Enhance have expanded their Managed Portfolio Indices service, MPI, after securing a number of strategic investors who have acquired a majority interest in the business.
MPI helps connect advisors and wealth managers by providing a transparent and common understanding of their investment choices. Enhance launched the Indices as a STEP Member Service designed to provide performance benchmarks specifically for portfolios managed on behalf of those acting in a fiduciary capacity.
The service currently has 55 contributing managers based in Canada, the UK, Switzerland and Singapore who contribute performance and asset allocation data across a range of strategies.
Enhance CEO Tom Wiseman commented: “We are delighted to have the opportunity towork with such experienced professionals to help to build MPI into a truly unique andindependent service.”
STEP Chief Executive George Hodgson said: “We have been pleased with the continuedworldwide take up of the Indices, which provide our members with much-needed clarity on investment risk and return, and look forward to the further evolution of this importantSTEP Member Service.”
James Hoare, recently appointed Managing Director of Enhance (MPI) and one of the investors, commented: “We see significant demand and benefits in helping bringadvisors and investment professionals together and I look forward to working with Tomand his team to realise the full potential of this service.”
Other investors included ex-C. Hoare & Co Wealth Management head Annamaria Koerling, who is now Partner of Owl Private Office, and Andrew de la Haye, Deputy MD of First Names Group, Jersey.
Pictured: From left Tom Wiseman, Annamaria Koerling, James Hoare and James Painter.
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