The new web-based service will help advisors to streamline their business processes, providing enhanced support in an after-Retail Distribution Review environment, the firm said in a statement.

The Advisor Centre is being developed by Peter Toogood and Gill Hutchison and will offer independent fund research, together with general market and industry commentary for financial advisors.

The service will recommend around 100 established actively managed funds and will include a "positive watch" list, a platform for commentary on younger investment talent and product innovations.

“The firm is in a position to adapt and evolve its service offering as the requirements of advisers change. We believe that the future of fund management firms lies in providing a complete, solutions-based package of services, including fund research and consulting," said Andrew Williams, chief executive officer, City Financial.

In other recent news, earlier this month City Financial appointed Phillip Lee as global fixed income manager.