Frontier Selected as "Core Solution" by Succession Advisory Services
Frontier Capital Management has won further recognition as a "best of breed" solution with the selection of our funds by Succession Advisory Services as one of their core solutions.
The press release from Succession follows:
Less Pain for More Gain
Succession Announces Investment Matrix for IFAs
IFAs can be forgiven for thinking that they have to be experts in everything from macro market issues to the latest movements of the Tiger economy. However, Succession Advisory Services (Succession) believes that global best practice has consistently identified objective financial planning as key to providing client value, not market timing or stock selection. As a solution to the conundrum, Succession has developed a sophisticated invesetment matrix accessed through its web portal, which provides the proper risk-controlled framework for IFAs and their clients to enable them to realise their goals with confidence.
Using the expertise of global fund management houses as well as specialisst niche investment managers, Succession has developed The Investment Matrix (The Matrix) that allows IFAs to choose investment solutions that meet the individual needs of clients. The Matrix has been developed using risk and research experts Rayner Spencer Mills to create a range of best of breed solutions based on years of academic research, emphasising diversification, strategic asset allocation, and automatic rebalancing. The first to core solutions confirmed are Tactica Fund Management (portfolios managed by Goldmans Sachs International) and Frontier Capital Management. It is anticipated that a further five contracts will be signed imminently.
Andrew Smith, Investment Director of Succession says:
“IFAs should concentrate on their core strength - the trust between themselves and their clients. Many IFAs are already moving away from selling products to providing real financial planning to clients and Succession are helping them accelerate the transition. Clients do not expect their IFA to be an expert stock picker but they do expect their IFA to know someone who is. Outsourcing the entire investment process to Succession means that most IFAs will see a 40% increase in their time, allowing them to concentrate on properly servicing their clients.”
The Matrix:
- Is a completely audited investment process
- Allows IFAs to cataegorise clients’ attitude to risk on a scale of 1-5
- Enables IFAs to view the funds sitting on the matrix across a range of investment styles from passive to multi asset active style and a suite of ‘lifestyle’ funds
- Is independently reviewed on a monthly basis by Succession and Rayner Spencer Mills
- Provides IFAs with individually branded client-facing newsletters eachquarterallowing them to personalise the investment view
- Provides information and expertise with no differential pricing for clients
Simon Chamberlain, Chief Executive Office of Succession says: “Advisers in the industry want to be able to concentrate on achieving their client’s objectives and by outsourcing the fund management process to professional fund managers, saves them valuable time that they can use to concentrate on building solid relationship with their clients.”
The complementary range of fund solutions allows IFAs to choose traditional active or passive funds and multi-asset through to bespoke private client portfolios which focus on growth and income. The Matrix and its funds are available to be accessed on all wrap platforms. In addition, IFAs can access the investment Matrix on the Succession website and go through to micro-sites of all the fund management houses which have been developed specifically for Succession.
Andrew Smith continued: “Second guessing the market is not the job of an IFA and does not help clients. Instead, from a Treating Customers Fairly perspective, and indeed in response to the issues raised by the Retail Distribution Review, IFAs can move their clients’ funds to Succession, confident that there will be immense benefits to them and to their clients. The Matrix also allows the Principle of a business to view all the assets of all advisers’ clients. As a business planning tool it is invaluable and provides a professional, polished framework that will enable the Principle to properly plan either for investment into his business or an exit if that best suits.“