Morningstar portfolios added to Novia

Morningstar portfolios added to Novia

Novia Financial has announced it has added Morningstar Managed Portfolios to its platform.

Advisers can use the platform to access 16 portfolios with defined risk profiles, utilising Active, Passive, Income, and Real Return Managed strategies.

The portfolios are a discretionary funds management offering for advisers incorporating risk tolerance profiling, portfolio construction, on-going monitoring and portfolio reporting.

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Simon Ewan, managing director at Morningstar Investment Management Europe, part of the Morningstar Investment Management group, said: “Advisers are under increasing pressure to demonstrate value to clients.

“Discretionary offerings allow advisers to spend more time providing holistic financial planning services to their clients and we are pleased to offer Morningstar Managed Portfolios on the Novia platform.

“Our portfolio managers focus on portfolios designed for growth, income, and real return, thereby providing a choice of offerings for long-term investment plans. All are managed with a keen eye on risk.”

Pippa Russell, head of corporate communications at Novia, said: “Over 65 per cent of assets under management on the Novia platform is now invested into model portfolios, and this growing trend is set to continue as advisers increasingly choose to outsource their investment management decisions.”

The portfolios are managed by a team of 19, supported by the company’s IM group.

The actively managed and passive funds draw on Morningstar’s 100-plus manager research analysts located across Europe, Asia, Australia, and North America.