PortfolioMetrix has been chosen as one of Liberate Wealth’s central investment proposition (CIP) partners.
The discretionary fund manager (DFM) will provide a suite of model portfolios to Liberate Wealth's CIP. The portfolios making up the CIP are available with the option of a UK or global bias. The models utilise active, passive and hybrid strategies with some using multi-asset funds.
PortfolioMetrix said the multi-asset fund structure offers a "significant advantage versus a traditional model portfolio in the current capital gains tax (CGT) framework".
It explained that within multi-asset funds there is traditionally no taxation on trading, but that is not the case within model portfolios when held in a non-tax efficient wrapper like a general investment account.
"This is particularly important after the reductions in the CGT allowance for UK taxpayers in recent years," the DFM said.
It added the partnership would support Liberate Wealth as it expands as it would enable the business to scale with portfolios designed to work together and deliver consistent client outcomes.
PortfolioMetrix managing director Ben Peele said: "Cultural alignment is a key factor when it comes to the adviser firms we work with, and Liberate Wealth certainly ticked all the boxes on that front.
"We have a shared vision on client outcomes and the risk-engineered investment portfolios we build will help Liberate Wealth's advisers execute financial plans with predictable and repeatable results for their customers."
Liberate Wealth chief executive Mark Howlett added: "The market is changing. We've got a lot of IFAs reaching retirement and scratching their heads as to what they should be doing about their businesses.
"There's a good opportunity to bring some really great businesses and people together, who share a common ethos and values, and who fundamentally care about doing the right thing for clients."
