A new partnership will see Brooks Macdonald's passive and active managed portfolio service offered by 7IM.
Both MPS' have actively managed asset allocation and will be offered through the 7IM Retirement Income Solution - a bespoke solution for advisers.
It is designed to give clients greater confidence in their retirement plans by controlling income and mitigating the pitfalls associated with drawdown.
Russell Lancaster, managing director for platform and intermediary partnerships at 7IM, said the firm had heard the call for choice from advisers "loud and clear".
He added: "Advisers tell us that they want a consistent process for providing income without having to compromise their investment philosophy – a framework for providing income, not a product.
“The FCA’s thematic review has put retirement income advice firmly into the spotlight, and we believe the 7IM RIS provides advisers with a complete solution. Our platform investment programme means that there will be plenty more to come here – in accumulation and decumulation – so watch this space.”
While Greg Mullins, head of adviser Solutions at Brooks Macdonald, said the partnership aligns with a strategy to "reignite growth" by bringing solutions to a wider audience of advisers.
He said: "Retirement is increasingly providing individuals with more freedom to create an income tailored to their lifestyle. However, helping clients achieve effective decumulation is complex, so we are pleased that the addition of our MPS range will enable advisers to offer an even broader range of solutions to their clients.”
tara.o'connor@ft.com
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