Fund manager Fidelity International is launching a new range of globally diversified model portfolios which it says are designed to give advisers greater flexibility in meeting evolving client needs.
The range will be known as the Fidelity WealthBuilder Model Portfolio Service (MPS).
The new MPS is built around three complementary portfolio ranges, to give advisers the chance to align investment style, cost and outcome expectations to individual clients, the business said.
The new MPS will be run by portfolio managers, Caroline Shaw and Chris Forgan, who have been with the business since 2021 and 2017 respectively.
Each range contains seven modelled portfolios with clearly-defined risk and return parameters and all portfolios are independently rated by Defaqto, Dynamic Planner, FinaMetrica, Mabel Insights and Synaptic, the firm added.
Dennis Pellerito, head of wholesale, Fidelity International, said: “Model portfolio services represent a structural evolution in UK wealth management, and clients are demanding access to institutional-quality investment expertise through scalable, risk-rated solutions.”
The three portfolio ranges, which will be available from mid-April, are:
1. The Active range: Designed for clients seeking enhanced returns through high-conviction active management. The strategies aim to generate alpha through a research-intensive approach that identifies skilful, proven managers and dynamically constructs portfolios to capture opportunities across asset classes.
2. The Blended range: For clients prioritising balance and consistency, the Blended range combines active and passive strategies to deliver global diversification across market cycles. Seven risk-rated portfolios delivering global diversification with the best of active and passive strategies built to deliver cost-effective, consistent results through changing markets.
3. The Passive Plus range: Built for cost-conscious clients seeking efficient market exposure, the Passive Plus range actively selects low-cost passive strategies from leading managers. The seven portfolios incorporate factor exposures such as value, quality and momentum, offering cost-efficient alpha with tactical flexibility to optimise global diversification and risk-adjusted returns.
The Fidelity WealthBuilder MPS will be available to Financial Planners and advisers across a range of distribution platforms including Fidelity Adviser Solutions, Quilter, Aberdeen, Aviva and Transact, among others from mid-April.
Rival firm Julius Baer International has also launched an MPS. It offers two portfolio ranges: Active and Passive+, which are broadly mapped to risk levels 3–8 with leading risk profilers, the firm said.
The Julius Baer MPS range is now available across major adviser platforms such as Fidelity, Morningstar, Aberdeen, Quilter, Transact, and Aviva and is mapped to leading risk profilers Dynamic Planner, Defaqto and EV.
David Durlacher, CEO of Julius Baer International, said: “The launch represents a major milestone in our long-term strategy and reflects our commitment to partnership with UK IFAs. We are opening access to Julius Baer’s global investment capability in a way that is purpose-built for IFAs, transparent and platform-ready.
"The advice profession is an essential part of the UK financial ecosystem, and we are investing in this market for the long term.”