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.