UK Fund manager City Financial and research firm Scopic Research have teamed up for the launch of a new service.

UK Fund manager City Financial and research firm Scopic Research have teamed up for the launch of a new service.         

Scopic will be providing independent multi-manager research for City Financial via its web-based fund research service called the Adviser Centre, City said in a statement.

The Adviser Centre will be launched next month and the free tool provides recommendations and enhanced support for advisors. City Financial first announced plans to build the research service in November last year.

The Adviser Centre is being developed by investment director Peter Toogood and head of investment research Gill Hutchison.

Material and information on third-party funds will be provided along with general market and industry commentary. In addition, around 100 established, actively-managed funds will be recommended by City Financial that meet its criteria on investment quality, utility and cost.

“As a dedicated multi-manager research consultancy, our due diligence-style qualitative reports and ratings are designed to give financial advisors a genuine information advantage when selecting multi-manager solutions for their clients. Working with City Financial to offer this service through The Adviser Centre strengthens that information advantage,” said Paul Ilott, managing director of Scopic Research.