Invesco launches Model Portfolio Service

  The model portfolios - which will be built and actively managed by a 40-strong team at Invesco - will initially launch with a range of multi-manager model portfolios. Invesco already runs a similar offering in the US through its Jemstep subsidiary. Invesco unveils two low-cost UK gilts ETFs The iMPS technology will provide automated client communication for portfolio changes for efficiency. Advisers can access the service, slated for launch in late summer, for a fee of £1 per client per month (plus VAT), capped at £70 per month (plus VAT) per advice firm. Graham Bentley:...