Canaccord Wealth unveils new International MPS Lite range

Investment manager Canaccord Wealth has launched a new International Managed Portfolio Service (MPS) range, available exclusively on the Novia Global platform.

The Canaccord Wealth International Managed Portfolio Service (IMPS) Lite portfolios complement Canaccord’s existing IMPS offering, which is already available on Novia Global.

The aim is to provide advisers with an additional, streamlined solution, using access to Canaccord’s award-winning discretionary fund management, with no annual management charge.
Available in three risk profiles – low-to-medium, medium and medium-to-high – the portfolios replicate the asset and sector allocations of Canaccord’s existing IMPS models.

Other benefits include lower transaction costs, resulting from reduced trading activity, and the ability to invest in a range of currencies, including sterling, US dollars and euros.

Matthew Wintour, Canaccord’s Head of International Distribution, said: “We’re always striving to improve our services to the international adviser community.

“That’s why we ask for feedback, listen carefully to what our stakeholders say and evolve our proposition based on the needs of advisers and their clients.

“The aim of the IMPS Lite models is to offer an efficient discretionary solution without sacrificing the rigour of active investment selection and tactical asset allocation.”

Linda Johnstone, Novia Global’s Head of Investment Proposition, said: “This launch gives advisers on our platform exclusive access to a high-quality discretionary solution from a well-established investment manager.

“It enhances the existing Canaccord IMPS range already available on Novia Global and reflects our focus on curating strong third-party propositions that meet the needs of international advisers and their clients.”