Timeline has launched a multi-asset fund saying it was the “logical next step” for the platform.
Announced at the Adviser 3.0 conference in London today (May 15), Timeline chief executive, Abraham Okusanya, said the fund does not have an exact launch date as it waits for regulatory approval.
“As you will know, there is currently around £150bn of multi-asset funds on UK advised platforms which shows the size of the opportunity.
“Timeline are constantly seeking to innovate and bring better options based on very good performance, best-in-class technology, and lower pricing to the UK financial advice sector.
“Many advisers we already work with have highlighted they would welcome the creation of such a fund and have been consulted during the preparation phase,” the platform explained.
Okusanya said the multi-asset fund space needed to be “shaken up” and this fund was the answer to this.
The ongoing charges of the fund will be 20 basis points.
Timeline has partnered with Northern Trust on the fund saying that it was a firm which “specialises in goals driven wealth management backed by innovative technology and a strong fiduciary heritage.”
According to Timeline, it had already had 70 advice firms express interest in the fund.
alina.khan@ft.com
