Fidelity FundsNetwork has added 'traffic light-style' enhancements to its PortfolioPlanner tool, to help IFAs stay-up-to-date about potential risks to a client's asset allocation.
The online supermarket now pulls data electronically from several of the leading fund ratings agencies – including S&P, Lipper and Morningstar – which intermediaries might usually need to seek when assessing which funds are most suitable to their clients’ needs. More specifically, a ratings’ traffic light’ component can be set up by the intermediary to show when a particular fund does or does not match the client’s portfolio diversification and asset allocation requirements. Intermediaries can specify within the system which funds they would consider to fit the company’s own pre-set risk ...
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