IFA consolidator has introduced an offering for investment management on December 20. Radiant Asset Management (RAM) is a new discretionary fund management (DFM) division from consolidator Radiant Financial Group. In fact, it claims to be “radically different” from previous DFMs.
The company claims that because it is based on input from financial planners and IFAs. According to the statement, RAM was created in response to financial planners’ and other IFA consolidator requests that a DFM offer investing strategies “more strongly focused on capital preservation.”
The corporation said that DFMs are “overly focused” on meeting benchmark performance requirements rather than meeting consumer needs.
Minesh Gajjar, chief investment officer of RAM, has established the asset manager. Gajjar joined the organization last year from HSBC, where he was global head of discretionary and managed solutions in the wealth management division. He formerly served as Coutts’ director of fund research and investment strategy.
Gajjar stated that clients expected their assets to increase steadily. But, the feedback he had received over the course of his 20 years working with IFAs indicated that clients felt that capital preservation had been disregarded. Most investors were happy to give up part of their investments’ development potential in order to prevent significant losses. The typical DFM disregarded that “the issue with the absence of downside protection was especially evident in markets like that”.
He added that failure to meet clients’ financial and life objectives was the true risk. As a result, models had been developed that concentrate on protecting customers’ capital while yet delivering steady and sustainable returns in a range of market situations.
Radiant acquired three IFAs earlier this year, and as of right now, it has £1.3 billion in assets under advice.
With the assistance of white-label technology supplier Seccl, which is owned by Octopus, the company established its own platform in February.
Alain Kerneis. has been chosen to serve as the committee’s independent chair. He was formerly the co-head of investments for BlackRock‘s client portfolio solutions,
