Morningstar hops on the managed account wagon

15 October 2019

Morningstar Australasia has nabbed BT as a client to provide managed account research advisory services, it has announced, following fellow research house Lonsec’s managed accounts offering available on Netwealth.

Morningstar would support the six Multi-Sector Series Portfolios (previously known as the BT Multi-Sector Portfolios) available to advisers through BT Managed Portfolios on Panorama.

Morningstar would provide investment advice in relation to asset allocation and investment selection, with BT Investment Solutions providing investment governance oversight.

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Morningstar’s director of manager research for Asia-Pacific, Tim Murphy, said: “We are seeing that licensees, advisers and investors welcome the rigour, independent approach and transparency that Morningstar can bring to their managed account offering”.

The firm’s said its advisory service supported clients through governance frameworks, investment philosophy, strategic asset allocation, manager selection, investment committee representation, reporting and client engagement.

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