Morningstar unveils managed portfolio service

Morningstar has launched a managed portfolio service for advisers, offering access to five risk/reward profiles.

The Morningstar OBSR Managed Portfolios is an outsourced portfolio construction service combining asset allocation and fund manager selection. It will 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 through the active/passive portfolios and 0.2% on assets through the passive portfolios. VAT ...