Edinburgh-based investment giant Aberdeen Standard Investments (ASI) said it has entered into a strategic partnership with Skipton Building Society to provide portfolio products for customers of its £4 billion investment offering. 

ASI manages assets of around £505.1 billion.

As one of the leading providers of multi-asset solutions to the UK adviser market, ASI is building on its £13.9 billion MyFolio fund franchise with the addition of five new MyFolio Index funds.

The 19-strong Multi-Manager Strategies team, which oversees Myfolio portfolio, is led by Bambos Hambi and James Millard.

The MyFolio Index funds are a range of five risk targeted funds, that allow advisers to select a fund that is aligned to their clients risk requirement.

The long-term strategic asset allocation will provide a diversified exposure to a wide variety of asset classes at each risk level, using passive investment funds.

Campbell Fleming, Global Head of Distribution at Aberdeen Standard Investments, said: “We are delighted that Skipton Building Society has chosen to adopt our new MyFolio Index range, as a core part of its investment offering for retail investors.”

Matthew Leach, Skipton’s Director of Financial Advice, said: “We’ve offered a financial advice service for over 30 years and have helped thousands of customers make plans for their future.

“I’m really pleased we now have Aberdeen Standard Investments on board to help us drive this forward even more.”