Evercore Pan-Asset Capital Management, a UK-headquartered independent investment house, has launched a low-cost range of model portfolios for users of the Novia wrap platform.

The fund range will follow the same asset allocation process used by Evercore Pan-Asset’s PanDYNAMIC model portfolios, but will feature a streamlined portfolio of index-tracking funds with very low ongoing charges, the firm said.

The annual management charge for the funds is 0.25 per cent and the ongoing charges range from 0.18 per cent to 0.23 per cent per annum.

In other news, the Evercore Pan-Asset team is joining with BlackRock to host a half day conference for IFAs in London on 3 July to debate the application of model portfolios for IFAs reviewing their investment advisory processes in the wake of the Retail Distribution Review.