P1 Investment Services has added discretionary fund manager (DFM) PortfolioMetrix to its platform.

PortfolioMetrix will launch 28 portfolios on the P1 Platform, including its Global Passive range and 21 portfolios with a DFM fee of 0 per cent across a range of risk appetites.

The DFM stated that it was able to achieve the 0 per cent DFM fee by building portfolios using its multi-asset funds as building blocks.

P1 sought the collaboration to continue its drive to enhance its roster of DFMs and independent investment managers.

Earlier this year, the company added 8AM Global, Tatton, 5 Horizons and Magellan Investment Management to the platform.

PortfolioMetrix will use P1’s Invest Pilot tool, which was built using Microsoft’s Power Platform, enabling the tool to be accessed with a user’s Microsoft credentials.

The DFM’s ‘Insourcing’ proposition will also be available through the P1 Platform, offering risk-rated model portfolios that can be tailored to an advice firm’s requirements.

The models are shaped by the adviser’s investment philosophy and aligned to their preferred risk profiler.

"This addition strengthens the P1 Platform’s reputation as an open investment platform,” said P1 Investment Services CEO, James Priday.

“Our collaboration with PortfolioMetrix is another step in our mission to offer advisers a comprehensive selection of DFMs who prioritise technology and client-centric investment management.

“This partnership aligns perfectly with our goal of delivering efficient, low-cost, and effective solutions, empowering advisers to shape their clients' financial futures.”

PortfolioMetrix MD, Ben Peele, added: “This tie-up will give even more advisers and their clients access to our award-winning range of model portfolios.

“It will also allow more firms to access our leading Insourcing service, which sees us build customised models in partnership with culturally aligned adviser businesses.”

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