Money

7IM and Brooks Macdonald partner on MPS retirement solution

Published

1 day ago

September 18, 2024

7IM and Brooks Macdonald partner on MPS retirement solution

Seven Investment Management (7IM) has partnered with Brooks Macdonald on managed portfolio service (MPS) solutions for advisers and their clients.

The partnership sees Brooks Macdonald’s passive and active MPS ranges available on 7IM’s Retirement Income Solution (RIS) platform.

The active range is constructed using actively managed funds, while the passive range is constructed using passive, index-tracking funds.

7IM will offer cautious, moderately cautious and balanced risk profiles across both ranges.

Retirement Income Solution is 7IM’s bespoke solution for financial advisers, designed to give clients greater confidence in their retirement plans by controlling income and mitigating the pitfalls associated with drawdown.

7IM said the addition of the two Brooks Macdonald MPS ranges follows adviser demand, and will provide them with greater investment choice when implementing their clients’ retirement plans through the 7IM RIS.

Advisers can now access solutions from 7IM, RBC Brewin Dolphin, Omnis Investments (part of the Openwork Partnership) and Brooks Macdonald.

7IM managing director, platform & intermediary partnerships, Russell Lancaster, said: “Advisers tell us that they want a consistent process for providing income without having to compromise their investment philosophy – a framework for providing income, not a product.

“We’ve heard them loud and clear, so we are incredibly excited to add Brooks Macdonald to RIS, to offer even more choice for planners and their clients.

“RIS is underpinned by 7IM’s robust investment methodology, which uses sophisticated modelling techniques, enabling them to adapt to changing personal circumstances and track the sustainability of their clients’ income.

“The FCA’s thematic review has put retirement income advice firmly into the spotlight, and we believe the 7IM RIS provides advisers with a complete solution.

“Our platform investment programme means that there will be plenty more to come here – in accumulation and decumulation – so watch this space.”

Brooks Macdonald head of adviser solutions, Greg Mullins, added: “This partnership aligns well with our strategy to reignite growth by bringing our proven experience and investment expertise to a wider audience of advisers and their client’s retirement needs.

“Retirement is increasingly providing individuals with more freedom to create an income tailored to their lifestyle.

“However, helping clients achieve effective decumulation is complex, so we are pleased that the addition of our MPS range will enable advisers to offer an even broader range of solutions to their clients.”

7IM said it offers fully flexible drawdown options including flexi-access and tailored drawdown, as well as a guaranteed income option through the Secure Lifetime Income in partnership with Just.

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