CompaniesApr 24 2012

Friends Prov launches risk-rated model portfolio service

Search sponsored by

Friends Provident International has launched five risk-rated model fund portfolios for exclusive use within its online portfolio planning tool, Dynamic Portfolio Planner International.

Friends Provident said the launch of the Asset Builder Portfolios, which are mapped to the target asset allocations within DPPi, provides “ready made” investment solutions for professional advisers to use at the touch of a button.

Morningstar OBSR has been commissioned to blend funds selected from Friends’ global guided mirror fund range to provide what the firm described as “the optimal mix” of funds that map to the defined risk profile and asset allocation targets in DPPi to improve consistency of outcomes.

In addition the service from Morningstar includes a formal review of the Asset Builder Portfolios on a quarterly basis to identify any required changes to the models, as well as Friends’ own in-house fund research capabilities, an effective double layer of monitoring.

Jim Henning, funds marketing and research manager at Friends Provident International, said: “The combination of DPPi’s sophisticated asset allocation guidance with the new fund blending expertise from Morningstar OBSR means that FPI’s online portfolio construction service really is a most compelling proposition for professional advisers.

“We are offering the right tool set for advisers to navigate their client portfolios through uncertain times.”

Benjamin Bird, international development director at Morningstar OBSR, added: “Asset allocation and fund selection are vital in ensuring that client needs and long-term investment expectations are met.

“The introduction of risk-based model portfolios is a relatively new development in the offshore market and one which helps differentiate the FPI proposition.”