Morningstar launches new business unit for advisers and institutions

by | Apr 17, 2018

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For those advisers and institutions seeking to outsource fund selection and asset allocation, Morningstar has created a new business unit.

Manager Selection Services (MSS) is part of the Morningstar Investment Management group. It will offer three distinct services designed to deliver better outcomes to their clients, help them reduce costs, and comply with increasingly tough regulatory and governance pressures. The offer includes:

  • select lists – the provision and maintenance of “best in class” lists of Morningstar rated funds across all main asset classes;
  • migration services – conducting holistic analysis of existing fund lists and providing recommendations with a view to improving long-term investor outcomes;
  • model portfolio service – access to global, multi-asset portfolios created using Morningstar’s asset allocation and manager selection expertise with a strong and credible track record of successful delivery since 2009.
Gavin Corr, Director, Manager Selection Services for Morningstar Investment Management Europe, said: “In a post MiFID II world, financial institutions and advisers are increasingly looking to outsource fund selection and model portfolio management to third parties due to the increasing regulatory scrutiny, growing costs of having in-house investment capability and the relentless pressure on margins due to fee compression. Leveraging the depth of our expertise around the globe, Manager Selection Services aims to alleviate those institutions and advisers of some of the pressures in fund selection and asset allocation, allowing them to enhance the service to their clients.”

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