Synergy creates portfolio supermarket
Advisers using Synergy will be able to access five Morningstar model portfolios built for New Zealand investors at different risk and return levels, to help them match their investors’ individual financial goals.
Traditionally, New Zealand adviser firms using Morningstar portfolios have accessed the research and implemented the portfolios themselves, including buying, selling and rebalancing the portfolios manually.
Using the discretionary investment management service (DIMS) through Synergy, advisers can now access the Morningstar portfolios without the administration component.
“Morningstar first contacted Consilium, as advisers using their research were looking for more efficient implementation,” Consilium managing director Scott Alman says.
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