Morningstar said that the portfolios are designed to provide advisers with access to highly rated managed funds and ETFs, helping them achieve their clients’ investment objectives.
The firm added that bringing together Morningstar’s global research capabilities and portfolio construction expertise, the new offering delivers a holistic investment solution that caters to clients across six different risk profiles.
The new Medalist Core portfolios are aligned with Morningstar’s Strategic Asset Allocation, which underpins the asset allocation for each risk profile. The portfolios are constructed using a range of Gold-, Silver-, and Bronze-rated managers and funds. These portfolios are regularly reviewed and rebalanced to ensure that they remain aligned with each client’s investment objectives.
Jody Fitzgerald, head of institutional portfolio management and solutions at Morningstar, said: “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.
“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.”
Morningstar said the Medalist Core portfolios use both active and passive strategies where appropriate, ensuring that investors are only paying for active management where it is most likely to succeed.
The portfolios are available across six different risk profiles, offering options for a range of different client life stages. These risk profiles include conservative, moderate, balanced, growth, and high growth. The Medalist Core portfolios have been added to the Macquarie Wrap and Praemium platforms and will go live on the HUB24 platform on 21 March, with other platforms to follow.
“We are not just a research house building a managed account portfolio of our top recommendations,” said Ms Fitzgerald.
“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.”
