A ‘Significant Milestone’ for the Managed Portfolio Service
Clever Adviser Technology and 8AM Global have announced that their joint-venture, 8AM CleverMPS, has passed the £1bn assets under management (AUM) mark.
Reaching £1bn AUM is a ‘significant milestone’ for the disruptive managed portfolio service, which is managed by 8AM Global and guided by the quantitative fund-selection process from the team at Clever Adviser Technology.
The managed portfolio service, 8AM CleverMPS, has grown steadily since its inception and utilises a robust, repeatable process for fund selection guided by the analysis of over 4,000 UK funds by Clever’s proprietary software; a tool designed and continually refined by data scientists, developers and statisticians.
Comprised of five risk-rated model portfolios, each aligned with their respective Dynamic Planner risk profile, the service is available across 18+ platforms including Quilter, Aviva, Standard Life, AJ Bell, and Fundment.
Clever’s Founder and CEO, Colum Wilde, said: “This is a significant milestone for the 8AM CleverMPS range, one we are pleased to have achieved in partnership with the team at 8AM Global. Our philosophy of ‘numbers, not noise’ means we trust data-lead decision-making over gut-feelings and human intervention. This approach defines the managed portfolio service and ensures our investment decisions are based on strong foundations.”
Of the ongoing progress of the portfolios, 8AM Global’s Chief Investment Officer and Portfolio Manager, Tom McGrath, commented: “It is really pleasing to achieve widespread adoption of our MPS within the IFA community, but it is doubly so to do it with meaningful outperformance of the industry average across all portfolios, on a risk adjusted basis since we launched 4 years ago.‘’