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Paradigm Norton launches Institutional Investment Management Wrap service for clients Paradigm Norton has built up a formidable reputation as a fee based planning firm which provides highly effective long term financial planning for its clients. To further enhance this service, it is now launching an investment management Wrap Account facility. This Wrap Account will provide investing clients with access to leading international institutional fund and money managers who would otherwise not be accessible for private clients, all for just a single fee related to the value of the portfolio. After a lengthy period of in depth research Paradigm selected Seven as their partner because it was clear that the two organisations had many shared values. These include a desire to ensure clients gain the highest quality service without financial penalty, whilst enjoying actively managed market exposure which is not purely formula driven This facility will be provided under the name of the “Paradigm Active Portfolio Account”. Paradigm have formed a partnership with Seven Investment Management who introduced the first multi currency Wrap Account in the UK. Seven provide Paradigm with the tactical asset allocation within the active Portfolio Account. Barry Horner, Managing Director of Paradigm, said “We see
this as a very significant development in investment management
services for our clients. By introducing the discipline of institutional
managers and removing the unnecessary traditional costs and charges
such as commissions, investors can receive a far better value of
investment management. This, blended with the ongoing discipline
and management of client focused Asset Allocation, means that longer
term investment needs can far better reflect the requirements of
clients and especially reflect their own risk profile”. The Paradigm Active Portfolio Account will offer clients a blend of both discretionary and advisory services. This will give them both the flexibility not to be locked into any service or investment and the transparency to see the detail and value of their investments at any time. Barry Horner went on to say “Effective investing is not an end in itself; rather, it is a vital part of the total financial planning process. It is a tool that enables our clients to plan for the future achievement of their broader goals and objectives. We believe that the new portfolio account and our partnership with Seven is a timely addition to what is available in the UK investment market and we are already receiving significant interest from our clients.” 7IM offers value to investors by providing ongoing and active asset allocation, manager selection and a single Wrap Account fee that covers all charges, other than taxes. It is unique and based on the very successful ($750 billion) investment style created in the US. 7IM also operates institutional portfolios of individual shares
and bonds with JPMorgan Fleming Asset Management Fixed Interest
Portfolio and Global Equity Portfolio, ABN AMRO Asset Management
UK Growth Portfolio, Framlington UK Equity Income Portfolio, and
an institutional cash fund with Barclays Global Investors. Additionally,
7IM utilises the services of Investment Manager Selection Ltd. (IMS),
which screens 4000 pooled investment funds and 700 management groups,
and selects funds for 7IM’s managed portfolios of unit trusts
and funds. 7IM also has strategic technological partnerships with Pershing, Advent and 1st Software. Website: www.7im.co.uk 7IM is a division of Killik & Co. The Killik & Co Partnership was founded in 1989 and currently operates 15 offices with a branch network in the Greater London area. The firm specialises in private client advisory services as well as providing holistic financial planning services for its professional client base. As an independent stockbroker, the firm has over 30,000 clients with £2 billion assets under management. Website: www.killik.co.uk Killik & Co is authorised and regulated by the Financial Services Authority and is a member of the London Stock Exchange. A list of partners is available on request. Killik & Co now offers clients an own-branded version of the 7IM Wrap Account. Clients of Killik & Co benefit from being allocated a personal broker who is on hand to offer investment advice on building their portfolio. Justin Urquhart Stewart Philip Browne Tel: 020 7337 0675 Tel: 020 7337 0601
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