We have put together a list of questions & answers that advisers & planners regularly ask us.

If you have questions we have not answered, please get in touch by emailing enquiries@ibossltd.co.uk or calling 01423 878 840.

Yes. Distribution Technology have reviewed and profiled the 4 solutions offered by IBOSS Asset Management within the risk profiles used on Dynamic Planner. The main objective of the DT risk profiles and fund risk profiling service is to provide financial advisers and their clients with a meaningful measure of the long-term investment risk of fund strategies and a mechanism for selecting solutions appropriate for investor risk appetites and capacity for risk.

The profiles which DT have assigned to the funds are set out below.

Fund / Assigned risk profile
MGTS IBOSS 1 Fund / 
MGTS IBOSS 2 Fund / 
MGTS IBOSS 4 Fund / 
MGTS IBOSS 6 Fund / 

Please email Kevin@ibossltd.co.uk for a copy of our risk profile report.

Your investment will be spread across one or more of the IBOSS OEIC sub-funds. Unlike a bank, Margetts, our Authorised Corporate Director (ACD), do not hold client assets on their balance sheet.

The MGTS IBOSS OEIC sub-fund assets are held by the depositary, Bank of New York Mellon Ltd, which is one of the biggest trustee / depositary and custodians in the world. The assets held by Bank of New York Mellon Ltd are ring fenced as a separate legal entity, with the exception of some cash which is held on deposit with the Bank of New York Mellon Ltd. The cash is held to the order of the sub-funds; this does not include money in transit but only when it arrives into the fund and not before or after leaving.

In the unlikely event that Margetts fails, the most likely action would be that the depositary would appoint a replacement operator (referred to as the Authorised Corporate Director), or return your investment plus any gain or loss.

There should be no direct effect from this action other than the normal movements of the underlying assets and a change the Authorised Corporate Director.
Margetts Fund Management is a regulated firm who are also required to hold reserves, which in a worst case scenario should allow the firm to close in an orderly fashion.

In the very unlikely event that Bank of New York Mellon fails, the most likely action would be that the fund is moved to another depositary and there could be a short delay in your ability to trade in or out of the fund.
Whilst an absolute guarantee cannot be provided, OEICs are regarded as one of the most secure asset structures within the UK market. The funds are UK Authorised Collective Investment Schemes and are authorised and regulated by the Financial Conduct Authority.’

In the unlikely event of a failure of Margetts, which causes a loss, the Financial Services Compensation Scheme could become available.


Governance of the Risk Management framework is the ultimate responsibility of the Board of Directors, which performs the Governing Function of the Firm under the supervision of the ACD. The Board of Directors are responsible for all aspects of the business, including setting the culture and ensuring that the firm acts honestly, fairly, professionally and independently.


The answer to that is simple.

We don’t want to be constrained by the restrictions which would be placed on us if we sat in, for example, the ‘Mixed’ sector.

Again, another common, and very sensible, question.

Whilst Chris heads up our Investment Team, it is just that, a team. If Chris were unable to carry out his duties in the short-term Chris Rush would take charge.

Because we follow a house view, life would continue unchanged with the same investment approach and philosophy, until Chris returned to work.

If Chris were unable to return to work our Continuity Plan provides for resources to replace key members of our team who can no longer fulfil their role.

The average number of funds varies between 25 – 40.

That’s simply because of our philosophy not to hold more than 4% in any individual fund.

If you would like to learn more about this we would be happy to explain our thinking in more detail.

The OEIC is available on the following platforms:

If your preferred platform isn’t listed, please let us know and we will add it. We are led by adviser demand.

Give us a call or send in your question by email and we’ll make sure you get an answer.

Our Investment Team is very accessible; they love to speak to advisers and planners.

We don’t lock them away in the office either, they are very happy to meet you for a coffee.

We don’t want to be constrained by an asset allocation tool.

Therefore, when creating the portfolios IBOSS studied numerous economic principles, including Harry Markowiztz’s modern portfolio theory, and those of Watson Wyatt and respected fund managers, as well as long term historical performance data. We then compiled our core asset allocation defining the percentages allocated to each asset class.

The emphasis was on:

Historical data and economic context

High levels of diversification and low levels of correlation

Geographical market conditions

Using multiple funds in each sector further reduces volatility, as no fund manager gets it right every time and it reduces the risk of one manager adversely impacting on the performance.

We consequently hold approximately 35 funds in each portfolio.

Two potential advantages of an ETF over a passive are:

– Ability to Trade OTC (Over the counter)
i.e. faster trading and the ability to time markets.
– Wide range of ETFs

The first point doesn’t really interest us, as we tend to take relatively long term positions. We would not choose to use a passive or ETF to time markets instead we would use them to either maintain diversification of the portfolio or purchase cheap beta to a broad index should a market look fundamentally cheap.

The second point is more interesting, the wide range of ETFs available mean that you can get exposure to fairly niche sectors or subsectors that passive products don’t necessarily cater for. This being said, we tend to take a broad, flexible view when picking funds, preferring to leave alpha generation to the underlying managers. Picking a specific sector or geographical ETF is taking that decision out of the managers hands and into ours instead, this is not our core competency which is selecting the very best managers, who get most decisions right most of the time, and constructing fully diversified investment offerings.

That being said, we do hold the Physical Gold ETC in the OEICs as a defensive position and diversifying position. So we will use ETF/ETCs should we feel it necessary.

A disadvantage of the ETF proposition in comparison to Passives is:

– There are additional costs to trade initially.
– Headline rate on ETFs are slightly more expensive.

Basically, if we are not using the advantages of an ETFs flexibility then, in our opinion, we should take advantage of the cost benefits of passives.