Standard & Poor’s Fund Services today unveiled its S&P Portfolio Services (SPPS) solution, developed specifically by its Wealth Management Services (WMS) team for Australia’s retail intermediaries.
“SPPS has been developed to align with the seven risk profile asset allocations common to widely-used risk profiling software. Combining capital market inputs with local qualitative assessments of broadly available managed funds, the WMS team identifies strategies that it considers “best of breed” to construct a non-tailored approved product list (APL) and model portfolio suite,” said S&P Fund Services managing director Mark Hoven.
S&P monitors and updates the portfolios regularly, and as part of the service also provides subscribers with monthly performance updates and comprehensive quarterly reports, including economic commentaries.
Mr Hoven added: “SPPS is specifically designed for advice groups that are looking for a cost-effective, non-tailored APL and model portfolio solution.”