Rathbones is to launch a new ‘true active’ model portfolio service range as the first in a series of new offerings following its merger with Investec Wealth & Investment.

The truly active MPS will consist of a suite of seven MPS portfolios, using three in-house funds which will be launched exclusively for these investment solutions. It will be available on 14 adviser platforms by this autumn.

The range of seven actively managed portfolios will be aligned to diverse investment objectives and comfort levels with risk - from adventurous to conservative.

The portfolios will be offered with a 0% discretionary fund manager fee with ongoing charges capped at 0.5%.

The underlying funds are managed by fund manager David Coombs from Rathbones Asset Management, with the portfolios themselves managed by Andrea Yung, who previously led the MPS at Investec Wealth & Investment.

Clients of the existing MPS will be offered to transition to the new proposition.

Simon Taylor, head of strategic partnership at Rathbones Investment Management, said: “The launch of this upgraded MPS is a symbol of what we’ve achieved by combining the strengths of two established firms. Our MPS range gives advisers and their clients access to high-conviction, transparently managed portfolios run by people they can trust - not algorithms or templated asset mixes.

“It’s about giving people choice and control, with the reassurance that there’s a trusted team behind the scenes doing the heavy lifting. Especially in times of market uncertainty, many investors want expert guidance rather than going it alone.”

Rathbones and Investec Wealth completed their £1bn merger in September 2023, creating a £100bn AUM wealth manager. The combined business is now operating under the Rathbones name.

At the time of the deal, the merged company said it would enable it to “enhance the client proposition across banking and wealth management services for both groups.”