Tactical Income
Our income solution that aims to deliver a set of target yields while controlling portfolio volatility.
- The content of this page is only suitable regulated financial advisers.
- Past performance isn't an indicator of future returns and investors could get back less than they put in.
- This content of this page is intended as general information and shouldn't be viewed as a personal recommendation.
- There's also no guarantee that investment solution or funds will meet their objectives.
Built for yield
Our Tactical Income solution aims to deliver a target yield for the appropriate level of risk at each of the 10 Risk Grades, for cases where income is your client’s primary objective.
Income investing
Our investment platform gives you the flexibility to withdraw either a fixed amount per month, or just the natural income.
Find out more
Target yields, rising from 3% to 5.25%
Through a combination of Tactical allocation to income generating assets, and the controlled use of Maximiser Funds. Tactical income aims to deliver target yields that rise as you move up the Risk Grades
Tactical Asset Allocation
Tactical asset allocation built on 9 asset classes aims to achieve target yields and keep volatility in check.
Controlled use of maximiser funds
Up to 35% of a PIM Tactical Income portfolio can be invested in Maximiser Funds to help with the aim of delivering an attractive level of income.
Available in 10 Risk Grades
10 risk grades allow you to make sure the portfolio mandate lines up with your clients’ attitudes to risk and income requirements
Defaqto Diamond rated
Defaqto 4 Diamond rated for an independent assessment of excellent value and risk adjusted returns
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Costs and charges
Our Tactical Income charges are simple and transparent. For our custody fee, when the total value of your client’s assets falls into a given band, they pay that charge for all their money, not just the proportion in that band.
| Type | Charge |
|---|---|
| DFM charge | 0.24% |
| Dealing charge (for fund switches and rebalance purchases) | 0.45% (≈0.05% p.a.)* |
| Parmenion SIPP charge | £18+VAT per quarter |
*Assumes a 12% turnover rate - for guidance only, actual turnover may be more or less than this amount
| Custody band† | Charge |
|---|---|
| £0 - £299,999.99 | 0.30% |
| £300,000.00 - £599,999.99 | 0.25% |
| £600,000.00 - £1,499,999.99 | 0.20% |
| £1,500,000.00 + | 0.15% |
†A minimum monthly custody charge of £5 per client applies. Cliff edge structure.
Here’s what your client might pay
For a £100,000 non-SIPP portfolio in Risk Grade 5, and an OCF as of the 31st March 2024
| Custody | DFM Charge | Dealing* | OCF | Total |
|---|---|---|---|---|
| 0.30% | 0.24% | 0.05% | 0.50% | 1.09% |
*Assuming a 12% turnover rate - for guidance only, actual turnover may be more or less than this amount
We’ve built this solution for advisers with clients whose primary objective is income. Through a combination of utilising a yield optimised asset allocation and income generating assets, the solution aims to deliver increasing target yields as you move up the risk spectrum.
Simon Molica
Senior Investment Manager
Solution resources
