In line with The Duty, we have provided details below of our target market and negative target market for our TPS offering.
It is important that you consider this when assessing whether our TPS offering is appropriate for your client.
| Product Name(S) |
Tailored Platform Solution (TPS)
|
| Who is the product designed for (positive target market)? |
- Indirect retail clients (individuals and entities) who have been advised by their IFA to invest in a JMF managed model portfolio that aligns with their risk profile output.
- Clients who accept we provide restricted advice, do not want to be involved in investment decisions and are happy to be invested in passive investments.
- Clients who understand the risks involved in trying to achieve income/growth as well as the risks involved in the financial instruments they will be exposed to.
- Clients who have the ability to bear loss and are not entirely reliant on their investment portfolio for their standard of living.
- Clients with risk profiles compatible with Low Risk to High Risk investments.
- Clients who wish to grow their wealth and/or or create income from their wealth.
- Clients who are happy with regular rebalancing of their portfolio.
- Clients who wish to invest for at least the medium to long term (min. 5 years)
- Clients who are happy to hold their investments on a 3rd party platform.
|
| Who is the product not appropriate for (negative target market)? |
- Direct retail clients (individuals)
- Retail clients who are domiciled outside of the UK or non UK citizens.
- Clients who are considered to be AML High Risk, although exceptions can be granted by the MLRO.
- Clients who have not been through a risk profiling exercise.
- Clients who want to have involvement in investment decisions and are seeking unrestricted advice
- Clients who do not want to use a 3rd party wrap platform to hold their investments.
- Clients that do not accept or cannot understand (even with our or an intermediary’s support) the risk of investing in stocks and shares within JMF offering and are seeking full capital protection, with no ability to bear loss.
- Clients who are not prepared to accept any level of investment risk.
- Clients who require fully guaranteed income or fully predictable return profile.
- Clients wishing to invest for less than 5 years.
- Clients who want direct stock exposure.
- Clients who do not want regular rebalancing of their portfolio.
- Clients who to wish to have a direct relationship with us.
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| How should this product be distributed? |
Through IFAs who maintain the client relationship |