The models, which operate under a managed investment scheme structure, are actively managed by Zenith on behalf of clients to ensure that the funds held in the portfolios and their weightings remain optimal over time.

Each model portfolio contains 8 – 15 of Zenith’s highest rated managed funds, with five risk profiles on offer (i.e. Conservative, Moderate, Balanced, Growth and High Growth).

Announcing the launch of the Zenith model portfolios, Zenith Associate Director Glen Franklin said, “The Zenith model portfolios provide a unique one-stop solution for advisers where they can have their client portfolios managed by Zenith’s highly experienced Adviser Services team, whilst at the same time drastically reducing the typical administrative requirements associated with making changes to client portfolios.”

“In addition, the underlying Linear Managed Account platform is a cutting edge, fully functioning administration platform that provides detailed portfolio valuations, portfolio performance and tax reporting for the client, with a pricing structure that is significantly lower than the major wraps”.

Linear Asset Management’s Managing Director Chris Hipkin added, “Zenith’s model portfolios will allow the wider financial planner network to utilise Zenith’s expertise in providing quality research.”

“Zenith’s strategic alliance with the Linear Managed Account platform will enable greater efficiency and functionality for advisers by highly researched diversified, multi-manager model portfolios, this is a great value add for clients”.

Some of the key benefits of the Zenith model portfolios are:

• Zenith model portfolios operate under a managed investment scheme structure. Therefore any portfolio changes can be made in a timely and efficient manner, without the need for individual Statements of Advice (SOA) and lengthy delays.
• Combined with the Linear Managed Account structure, Zenith’s model portfolios have the potential to revolutionise an advisers business from an efficiency and compliance perspective.
• All models are actively managed by the Zenith Adviser Services team, a team of professional investment analysts dedicated to the delivery of optimum portfolio construction.
• The multi-manager structure of the Zenith models enables Zenith to select what it considers to be “best-of-breed” funds for each asset class. This contrasts with single manager diversified funds where all asset classes are managed by a single funds management organisation that may not possess strong capabilities across all of these asset classes.
• Zenith’s five separate risk profile offerings ensure there is a Zenith model portfolio on offer to suit the risk appetite of most investors.
• Unlike a traditional multi-manager unit trust, the Managed Account structure used for the Zenith model portfolios ensures that clients retain the ownership of each of the underlying managed funds held within the model portfolio. Via the Linear Managed Account platform, clients can clearly see their unit holding in each underlying managed fund, as well as each fund’s individual performance.
• Quarterly reporting is provided, highlighting which underlying funds have been the key drivers of performance and providing a useful source of information for adviser discussions with their clients.

“Zenith has established and enviable reputation and track record within the financial services industry for innovation, consistency and service – and this has provided the solid foundation for client growth / retention.”

“The launch of Zenith’s model portfolios on the Linear Managed Account Platform will provide advisers an excellent facility and service to facilitate the attainment of their clients’ wealth creation and financial goals,” concluded Glen Franklin.

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