Morningstar unveils managed portfolio service for UK market

Investment services provider Morningstar has launched a managed portfolio service for advisers in the UK.

The Morningstar OBSR Managed Portfolios is an outsourced portfolio construction service combining asset allocation and fund manager selection.

The portfolios incorporate risk tolerance profiling, portfolio construction, ongoing monitoring and portfolio reporting.

The service consists of five risk/reward profiles: cautious, moderately cautious, moderate, moderately adventurous and adventurous. Portfolios will be reviewed and rebalanced at least quarterly.

The annual fee is 0.3% on assets allocated in accordance with the active/passive portfolios and 0.2% on assets allocated in accordance with the passive portfolios. VAT is chargeable.

The service uses the expertise of two of Morningstar’s affiliates, Ibbotson Associates for its asset allocation and OBSR for its fund manager research.

Actively managed funds included in the managed portfolios service are expected to hold a Morningstar OBSR analyst rating, where an appropriate rated fund is available for selection.

The service has already been made available to advisers in the Argentis group, a financial planning and wealth management company, via the Skandia platform.

Chief executive for Morningstar UK, Geoff Balzano, said: “Our new offering is an extension of existing services that we have been providing in the UK for a number of years. We look forward to bringing the service to other adviser groups and platforms in the coming months.”


This article was first published on IFAOnline



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