IFA launches algorithm-driven investment advice
Thames Valley-based wealth manager and IFA Woodward Financials has launched an enhanced advisory service for clients which offers daily risk monitoring of portfolios. The firm says its new Enhanced Active Management Service is based on an algorithm which has taken the company five years to develop. The service identifies trading opportunities in key global markets and advises clients when investment changes are appropriate and when a change to their risk profile should be considered. It is an optional upgrade to its standard advisory service. {loadposition hidden2} The AMC (annual management charge) for the enhanced service is 1.25% per year compared to its standard AMC of 1%. When fund and other charges are added the maximum annual fee for clients, depending on the model portfolio chosen, is likely to be a maximum of 2.25%, the company says. Woodward said its new service is aimed at clients willing to pay more for an enhanced service and the possibility of better returns using the trademarked algorithm.
IFA launches algorithm-driven investment advice
Thames Valley-based wealth manager and IFA Woodward Financials has launched an enhanced advisory service for clients which offers daily risk monitoring of portfolios. The firm says its new Enhanced Active Management Service is based on an algorithm which has taken the company five years to develop. The service identifies trading opportunities in key global markets and advises clients when investment changes are appropriate and when a change to their risk profile should be considered. It is an optional upgrade to its standard advisory service. {loadposition hidden2} The AMC (annual management charge) for the enhanced service is 1.25% per year compared to its standard AMC of 1%. When fund and other charges are added the maximum annual fee for clients, depending on the model portfolio chosen, is likely to be a maximum of 2.25%, the company says. Woodward said its new service is aimed at clients willing to pay more for an enhanced service and the possibility of better returns using the trademarked algorithm.