NEO retains Ibbotson for implemented consulting
Morningstar division Ibbotson Associates Australia has gained an implemented consulting mandate from NEO Financial Solutions.
Ibbotson announced the mandate this week saying it had been named as the group's dedicated implemented investment consultant.
The announcement said Ibbotson would be providing NEO with a full range of retail investment consulting and advice capabilities, including investment committee and governance oversight; investment advice including asset allocation and portfolio construction; investment management; fund and equity research and selection; and dealer and practice management support.
It said this would provide greater investment management support to NEO advisers.
Commenting on the mandate, Ibbotson head of adviser services, Matthew Esler said the company looked forward to supporting the development of NEO's investment capability, practice management and advice process.
"NEO is the type of dealer group we want to work with, because it has a clear focus on delivering quality advice tailored to meet client needs," he said.
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