Skandia International launches Portfolio Builder tool, new funds
A tool to help advisers identify client attitudes to risk and two new funds intended to take advantage of that tool have been announced by Skandia International.
The free to use Portfolio Builder tool relies on financial advisers asking 11 questions of their clients, and matching answers to a choice of responses.
The information is scored and weighted by the tool, which then places the client in one of five categories, identifying their attitude to risk.
The risk categories are matched to five different managed solutions and five different model portfolios, which aim to deliver long term return in excess of CPI inflation.
The two new funds announced – Skandia Global Dynamic Bond and Skandia Defensive Fund – complete the range of five managed global funds. These funds are designed to enable advisers to outsource asset allocation, fund manager choice and investment management decisions to Skandia Investment Group (SIG). The new funds are intended to meet investment objectives of investors identified by the Portfolio Builder tool as being at the lower end of the risk spectrum.
For advisers and their clients who prefer to retain the ability to select funds themselves, Skandia International is offering model portfolios. Each one provides an asset allocation percentage that Skandia says is suitable for each of the five risk levels identified by the Portfolio Builder tool.
Michelle Andrews, commercial director at Skandia International, said: “We are seeing significant demand from financial advisers for investment solutions that are tailored towards the specific needs and expectations of their clients.”
“The Portfolio Builder has been developed with this in mind and can enable advisers to identify the risk level of their customers and build an investment portfolio that has a target level of investment performance within the required volatility associated with that risk level. We have taken care to make the Portfolio Builder easy to use so that it can save advisers time which they can spend more profitably with their clients.”