Milliman releases risk management overlay

Actuarial firm Milliman has launched a capital protection overlay for model portfolio services, aimed at allowing advisers to manage equity risk for clients.

In a statement, the company said the overlay structure will afford advisers the ability to manage risk for risk-averse clients “while also retaining control of equity investments”, whether that be through direct shares, managed funds, or ETFs.

Milliman director of investment services Michael Armitage said the structure has multiple applications, adding that it can be used to create white-labelled services.

“Milliman’s model portfolio solution meets the needs of investors such as retirees who cannot endure sustained market drawdowns that often occur with equity investments,” he said.


“It also allows model portfolio investment teams to extend their asset allocation capabilities with bespoke, risk-managed solutions across their accumulation and retirement models.”

Milliman Australian practice leader Wade Matterson said the structure will “revolutionise” advisers’ capacity to provide “efficient retirement solutions”.

“This is the first time investors can access a world-class risk management strategy, easily applied to the same wide range of model portfolios they currently use,” he said.

Milliman releases risk management overlay
Milliman, Wade Matterson, Michael Armitage, risk management, equity risk, financial adviceMilliman, Wade Matterson, Michael Armitage, risk management, equity risk, financial advice
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