PortfolioMetrix unveils 'risk-controlled' portfolio range

PortfolioMetrix said its new ‘Select' range of seven "off-the-shelf" model portfolios has been designed to meet predetermined risk appetites and keep the portfolios as closely aligned as possible to their assigned risk ratings. The firm added it created the range following its own research, which suggested some leading model portfolio offerings either deviate from their risk mandates or provide returns inconsistent with the risk taken. It argued this could expose advisers and clients to investment suitability risk. Distribution director Dave Chessell (pictured) said: "Advisers want to...