View more on these topics

True Potential enhances asset allocation tools

True Potential has enhanced the asset allocation tools available on its business platform to include risk assessment tools from Morningstar.

The support service provider has added risk assessment tools from Morningstar UK and asset allocation models from Ibbotson Associates, a unit of Morningstar.

Once the data is fed into the tools and stored on the platform the adviser need not re-key any further information. They can then use the information across their existing portfolio, including all legacy assets.

True Potential senior partner Mark Henderson says: “Morningstar brings a deep understanding of the adviser community and Ibbotson has been pioneering asset allocation theory for more than 30 years. We are pleased to be able to tap into their combined strengths to further enhance our platform and apply correct asset allocation accurately and efficiently.”

Recommended

1

Super-Novia

Having established an independent wealth management company, it was, in my opinion, mandatory that we sought the maximum efficiencies in terms of client asset recording and monitoring. The back-office function of an advisory firm can be – and too often is – a huge burden, both in terms of costs and operation. Look at the profiles of many firms and you will see what I mean. It is not uncommon to see staff numbers in the teens for a firm with perhaps three or four business-writers. This, to my mind, betrays gross inefficiency.

Variable annuity sales rise

Variable annuity sales rose by 7 per cent to £340m in the first quarter of the year compared with the final quarter of 2008, according to Watson Wyatt.

Pension - thumbnail

David Cameron appoints former adviser to Tony Blair as new pensions minister

Following a cabinet reshuffle in light of last week’s general election, David Cameron has announced that Ros Altmann will be replacing Steve Webb as pensions minister. As the industry works with one of the largest reforms to the sector in almost a century, the former adviser to Tony Blair has been tasked with ensuring that the pensions revolution does not stray off track.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment