They will invest in one or two of the Rathbone Multi-Asset Portfolio funds and be managed by David Coombs, head of multi-asset investment at Rathbone Unit Trust Management, and assistant fund manager Will McIntosh-Whyte.

“The Rathbone Managed Portfolio Service allows clients to access a range of risk profiles with a private client level of reporting, and we believe that this combination will prove an attractive addition to Rathbones’ range of investment services,” said Andrew Morris, head of investment management , Rathbone Investment Management.

The strategies can be held within an ISA and will be available with a number of SIPP providers.

In other recent developments, last month Rathbones formally launched a private office that it had been developing for two years. The office is tailored to advising families, entrepreneurs, financial professionals, and resident non-domiciled and overseas investors.