Legal & General Investment Management (LGIM) has partnered with Apollo Investment Management to launch five model portfolios.
LGIM will provide five tailored model portfolios, with a range of risk-adjusted strategies for Apollo’s professional and retail clients.
It will be down to LGIM to manage the rebalancing of the portfolios to ensure investments are aligned with investors’ risk and return profiles.
The portfolios will be white-labelled and the wrap-around service will include regular investment and strategy updates from LGIM’s investment and distribution teams in conjunction with Apollo IM.
Dorian Squires, investment director at Apollo Investment Management, said: “This partnership has real benefits in efficiency making things much more scalable.
"In addition, the symbiotic relationship with the wider LGIM research capabilities allows for a much wider range of levers that can be pulled within the portfolios to seek to enhance returns for the end investor.”
This partnership will cover a range of funds and research capabilities, with input on fund selection and asset allocation by both parties.
Apollo will be able to use data and investment insights from LGIM’s asset allocation team.
LGIM also said it will take on due diligence required to comply with consumer duty rules.
James Crossley, head of UK wholesale at LGIM, added: “As firms review their consumer duty implementation plans, we believe LGIM remains well positioned to offer a broad range of tailored and robust investment solutions at a competitive price.”
tara.o'connor@ft.com
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