Fidelity launches asset allocation and risk modelling service
Fidelity FundsNetwork has launched Portfolio Evaluator, a new independent online asset allocation and risk modelling service for advisers.
The service can analyse the risk and efficiency of a client’s portfolio, taking into account assets held on and off platform.
David White, head of Fidelity FundsNetwork, said the service will help advisers to assess whether their client portfolios are on track to deliver their goals and if not, allow them to quickly determine what needs to be changed.
As well as servicing existing clients, it can also model the effects of a future client’s investment needs and expenditure, thereby helping advisers to promote the value they can add.
Fidelity said the service is the first in Europe to give advisers access to the Morningstar Wealth Forecasting Engine supported by model asset allocations from Ibbotson Associates, Fidelity.
It covers more than 30,000 funds including mutual funds, investment trusts and ETFs and enables advisers to evaluate alternative asset allocation and fund choices to support new investment and client reviews.
Geoff Balzano, CEO at Morningstar UK, said the service will “leverage some of the very best expertise from Morningstar and asset allocation leaders Ibbotson Associates to help advisors deliver personalised long-term investment plans.”
Advisers also have the choice of using the asset allocation methodology provided by Fidelity’s Investment Solutions Group.