Quilter, the UK investment manager, and Skandia, the investment group, have entered a joint venture supporting the new Managed Portfolio Service from Jelf Financial Planning, part of Bristol-based Jelf Group which provides consultancy and private client services.

The facility will offer seven investment strategies matching seven distinct risk profiles. The aim is to match a risk profile to a client’s personality using a psychometric risk profiling tool developed by Jelf.

Quilter will act as discretionary investment management partner, constructing portfolios to pair with the seven risk profiles.

Skandia will provide its Investment Solutions platform which will be the investment, administration and trading platform for the new service. 

“The combination of high quality financial advice, a well defined discretionary investment management process and an efficient trading platform produces a very powerful client proposition, said Peter Mann, chief development officer at Skandia