Graham Bentley, Head of Proposition, Skandia UK

SIG launches ‘Spectrum Select’

Skandia Investment Group (SIG) is enhancing its highly successful GBP1bn risk targeted Spectrum range of funds by launching ‘Spectrum Select’ – a service which gives financial advisers new tools to provide their clients with an even more personalised investment service.

Spectrum Select is initially being offered to Spectrum’s largest IFA supporters via Skandia Investment Solutions and Skandia’s Life and Pension products. These advisers will have access to a dedicated online microsite which enables them to view all of their Spectrum invested clients and provide those clients with co-branded, personalised quarterly reports about their Spectrum investment, an important factor in maintaining and deepening client relationships.
 
These co-branded quarterly reports will contain a client’s personal Spectrum valuation, a market review from SIG, along with details about fund manager and asset allocation changes made by Spectrum’s Portfolio Manager, John Ventre, during the quarter.
 
Spectrum Select IFAs will also be able to offer their clients access to ‘Spectrum Select Rewards’, a client facing microsite containing a variety of offers and discounts from retail brands as well as the latest news and views direct from SIG’s investment experts. Currently the microsite boasts offers from such brands as The Gourmet Society, Intercontinental Hotels, Virgin Holidays & Hip Hotels, The Eden Project and Buyagift.com.
 
SIG’s Proposition Development Director Richard Vincent said, “Spectrum is a highly successful fund range which aims to closely match client risk expectations - more so than traditional investment funds. Our aim with Spectrum Select is to help IFAs deepen the relationship they have with clients by offering them a valuable service they can fully tailor to individual client needs.”
 
The popularity of risk targeted investment funds has increased over the last few years with Spectrum alone capturing over GBP1bn of assets since inception in April 2008. Wishing to continually improve their offering to advisers and their clients, SIG has now gone a step further with Spectrum Select.
 
Spectrum’s existing popularity is built on the simple belief that investors prefer to be treated like individuals.  SIG manages the Spectrum range to meet the expectations of a client’s chosen risk profile, as determined with their financial adviser.
 
Skandia UK’s Head of Proposition Graham Bentley (pictured), says: "With the RDR fast approaching many financial advisers are reviewing their service propositions and preparing for the introduction of adviser charging. One of the key elements will be to demonstrate clearly the value of the advice and investment services they are providing. The launch of Spectrum Select enables advisers to provide their clients with a personal discretionary fund management style service at a very competitive price. SIG are giving advisers full access to Spectrum Select and we are excited to see it launch."

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