Generate says demand from financial advisers dealing with wealthy clients, trusts and more complex portfolios was behind its decision to launch outsourced investment management service GoCIO.
Generate says demand from financial advisers dealing with wealthy clients, trusts and more complex portfolios was behind its decision to launch outsourced investment management service GoCIO.
Generate investment specialist Greg Smith told Good Returns TV advisers had been approaching the manager with client situations that required more investment support than they could provide in-house.
“Advisers are basically coming to us ... with complex client situations, particularly around high-net-worth clients, and trusts,” Smith says.
“At the same time, they’re wanting to outsource the investment function rather than build and maintain it themselves.”
GoCIO is a discretionary investment management service (DIMS). GoCIO head of distribution Simon Leach says it offers access to institutional-grade investment models and a team acting as an outsourced chief investment office for advice firms.
Leach says the service is built around four pillars: access, alignment, economics and enablement. Rather than impose a standard arrangement on every financial advice provider (FAP), Generate wants to tailor the service to each firm’s clientele and requirements.
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