Morningstar announces managed accounts range
Morningstar has announced a new range of managed accounts that will give advisers access to highly-rated managed funds and exchange traded funds (ETFs) across a suite of six risk profiles.
The Medalist Core portfolios would be available across six different risk profiles and include both active and passive strategies where appropriate.
“Having a well-established asset management capability, in addition to dedicated independent manager and equity research businesses, gives us a distinct advantage in offering multi-manager multi-asset portfolios,” said Jody Fitzgerald, Morningstar head of institutional portfolio management and solutions.
“We have the specialist resources to ensure we bring a level of robustness to every aspect of the portfolio build and execution that is paramount in an increasingly complex market and regulatory environment that few groups can boast.”
The asset allocations underpinning the risk profiles would include, moderate, balanced, growth, and high growth while the portfolios would be constructed using a range of Gold-, Silver-, and Bronze-rated managers and funds.
The Medalist Core portfolios were currently available on the Macquarie Wrap and Praemium platforms, with the HUB24 platform to go live on 21 March.
Netwealth was expected to follow in late April and BT Group and Colonial First State were in the pipeline.
Fitzgerald added: “We are not just a research house building a managed account portfolio of our top recommendations.
“We’re also integrating our decades and wealth of portfolio management experience to build portfolios designed to better empower your clients’ financial decisions and investment success.”
AUTHOR
Rhea Nath
Recommended for you
New York-based firm CC Capital has bumped up its offer to stay ahead of rival bidder Bain Capital.
In a tight race against Morgans, AMP Financial Planning has won back its position as the largest individual licensee in Australia, according to Wealth Data.
Learning to delegate authority and relinquish a hands-on approach is a critical step towards building a self-sustaining financial advice practice, says Assured Support.
Private wealth management company Stellan Capital has appointed a new chief executive, who brings over three decades of experience in the global financial services industry.
