Fidelity FundsNetwork has made a trio of upgrades to its online Portfolio Planner, including the incorporation of fund ratings from Lipper, Morningstar and Standard & Poor's. The tool, which launched in November 2005, will also employ a new 'traffic light' system, allowing advisers to pre-set information on their fund selection method in order to simplify portfolio construction when targeting asset allocation.
Portfolio Planner will also be able to generate a daily investment trades report, including the ability to present bulk switch recommendations out of lowly rated funds. According to David Dalton-Brown, head of FundsNetwork, the changes are all part of a streamlining of the way funds are analysed and reviewed. "This means advisers can save time as well as supporting the best practice in fund selection and portfolio construction," he said.
FundsNetwork is also offering provider discounts and enhanced commission rates from a raft of investment groups. Discounts are available for selected Gartmore, Schroder and SWIP funds.
Partner Insight: Continuing the Architas education series for clients.
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Square Mile’s series of informal interviews