Morningstar hops on the managed account wagon

managed-accounts/

15 October 2019
| By Jassmyn |
image
image image
expand image

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.

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.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 1 week ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 2 weeks ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

4 days 3 hours ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

2 weeks 5 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

4 weeks 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
5