Mattioli Woods, the specialist wealth management and employee benefits business with over £15bn in assets under advice and administration, has selected the global asset manager, T. Rowe Price, to develop and advise on an income-orientated model portfolio for clients.
The portfolio capitalises on the "exciting opportunity set" available in income producing assets, following a prolonged period of low interest rates and yields, it said in a statement on 15 January.
The creation of the income portfolio would complement existing income strategies, such as Custodian REIT, Property Securities Fund, and Income Structured Products. Additionally, the portfolio could sit alongside its range of risk-rated multi-asset portfolios and forms part of a strategic plan to provide access to a wider range of investment options.
The collaboration was "also an important step for T. Rowe Price as it looks to deepen its footprint within the UK".
Yoram Lustig, head of multi-asset solutions EMEA and Michael Walsh, multi-asset solutions strategist at T. Rowe Price will be the investment advisers for the model portfolio. They will work with the Mattioli Woods investment team, including Dean Cheeseman, managing director of client investment solutions.
Cheeseman said: “We selected T. Rowe Price for their collaborative approach and focus on delivering great client outcomes, something which is increasingly important in the evolving savings and retirement market. From their US heritage, T. Rowe Price has extensive experience in multi-asset and retirement solutions.
"Through our partnership, our clients will benefit from the combined experience of Mattioli Woods in financial advice and the global asset management experience of T. Rowe Price.”
Nat Terry, head of UK and Ireland, T. Rowe Price said: “We are excited to begin this partnership with Mattioli Woods to develop products for their advisers and clients. T Rowe Price’s global investment experience will support Mattioli Woods’ investment team and consultants to provide investment solutions and support them in growing their business.
"This collaboration is an important step for T. Rowe Price as we continue to build our UK business providing customised solutions for investment advisers.”
