IOMA Group, the specialist provider of services to the insurance and wealth management industries, has today announced the launch of its innovative ‘Pound a Day Portfolio’ service.
 
This service has been developed as the ideal investment platform for investors with a minimum of ?25,000 to invest with a management fee of just ?1 a day, or ?365 for the year.

There are three types of Pound a Day portfolios:

Collective: A diverse portfolio that invests into eight carefully selected investment funds; these funds have been chosen for their diversity, quality and liquidity. 

Selective: This portfolio invests into a dozen high quality UK equities, with the overriding consideration that each company must have an unbroken track record of dividend increases for at least 15 years.

Selective Growth: This portfolio comprises of 14 UK companies that have accumulated more than seven years of uninterrupted dividend growth and must belong to the FTSE250 at the time of selection.

The investment managers for the portfolios are:  Russell Collister, Investment Director who has over 26 years of experience in the investment management industry and was a founder of IOMA Fund and Investment Management; Paul Crocker, Investment Director who has worked at the IOMA for the last six years having moved to the Isle of Man in 1991; and, Mary Tait, Senior Investment Manager who joined IOMA in January 2010 and specialises in the management of private client and fiduciary investment mandates. All three are individually chartered Fellows of the Chartered Institute for Securities and Investment and Chartered Wealth Managers.

Russell Collister, Investment Management Director at the IOMA Group, says:

“We have developed this low cost, RDR friendly investment product aimed at DIY investors who are looking for an online product that is easy to use. More investors are looking online for ways to save and with our complete charging transparency and unique charging structure, we aim to provide a diverse and interactive service.”

More information can be found at www.poundadayportfolio.com.