Tactical Passive
A dynamic view on investment opportunities, with due diligence that's anything but passive.
- 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.
Maximising investment opportunities
Our Tactical Passive solution takes a dynamic approach to asset allocation, supporting advisers who want to capture potential nearer term investment upside for their clients, or act to give them downside protection. We look at aspects such as current valuations, monetary policy, behavioural trends and the macro-economic outlook to consider the potential impact of current conditions and tilt the portfolios accordingly.
Available in 10 Risk Grades
10 risk grades allow you to make sure the portfolio mandate lines up with your clients’ attitudes to risk
Dynamic asset allocation
Built on 13 asset classes combining proven investment expertise and in-depth fund due diligence
Independently chaired committee
Meets at least once a quarter to consider opportunities and threats within 12-36 months
Strives for great investing outcomes
It does this by aiming to maximise potential return for risk while minimising the downside
Established track record
Launched in 2011, our Tactical Passive solution has an established track record. You can read more about this in our latest Investment Quarterly below.
- 1
- 2
- 3
- 4
- 5
Costs and charges
Our Tactical Passive 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 | 0.12% |
| 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% | 0.12% | 0.05% | 0.17% | 0.64% |
*Assuming a 12% turnover rate - for guidance only, actual turnover may be more or less than this amount
Clients in our Tactical solution benefit from the full breadth of the investment team’s expertise, with both fund selection and asset allocation actively managed for current conditions.
Jasper Thornton-Boelman
Investment Director
