Charles Stanley & Co has been appointed as a Discretionary Fund Manager (DFM) partner to the new Liberty SIPP.
Both Charles Stanley and Liberty offer services which are 5 star rated by Defaqto. Charles Stanley's appointment as DFM partner coincides with the launch of Liberty SIPPs new product – The Liberty Option SIPP.
Charles Stanley is one of a small number of Discretionary Fund Managers to provide both a bespoke and model portfolio service to this new online Sipp service. This service is available through both of the firms' sales teams with Charles Stanley offering a local service through its regional network of 32 offices around the United Kingdom.
The combination of Charles Stanley's Discretionary Investment Management and the Liberty Option SIPP offers a flexible and competitive charging structure to assist Intermediaries in giving greater value to their clients.
Liberty SIPP has merged its two self-invested personal pensions into the single Liberty Option SIPP product to make fees reflect the complexity of underlying assets. Previously the company offered two separate products, the Liberty SIPP and Liberty Icon SIPP.
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Speaking about the partnership, James Stewart-Smith, director of intermediary sales at Charles Stanley, said: "The partnership with Liberty SIPP is something that we have worked on achieving for a while and I was delighted to conclude the deal just ahead of the launch of the Liberty Option SIPP."
"For our Intermediary sales team that operates around the country supporting our branch network and dealing with financial advisers at a local level this partnership offers them a further Sipp option as we see the market for individual investment pensions continuing to grow."
John Fox, managing director of Liberty SIPP, said: "Charles Stanley are an established and hugely respected brand within financial services and we are delighted to have partnered with them. Our goal is to offer their intermediary connections a Sipp that, as well as being flexible and low-cost, is easy and quick to use."