Morningstar SMAs added to HUB24, Netwealth platforms

An emerging player in the managed accounts space, Morningstar has announced that its recently launched SMAs have been added to wealthtech platforms HUB24 and Netwealth, following their addition to Colonial First State’s recently launched ‘Edge’ platform last December.

Featuring on HUB24’s Discover platform, as well as Core and Choice menus, and Netwealth’s Core Accelerator platforms, Morningstar said the expanded availability of its SMAs will meet adviser demand for “low-cost but effective investment solutions”.

HUB24 notes that its Discover service, which features a selection of managed portfolios with streamlined fees, is tailored for clients with “less complex needs”.

HUB24 director of strategic development Jason Entwistle said the firm was “delighted” to be partnering with Morningstar to deliver a select range of managed portfolios on its “award-winning” and feature-rich platform.

The Morningstar SMAs are also now available on Netwealth’s Core Accelerator menu, which boasts a reduced administration fee for selected managers.

Netwealth chief executive Matt Heine said it recognised “the broad spectrum of client needs, from high-net-worth affluent clients to those looking for cost-competitive solutions”.

“For this reason, we have partnered with Morningstar to provide advisers and their clients access to a range of Morningstar-managed account models via our low-cost Core [Accelerator] offer.”

The Morningstar group, which includes one of the world’s foremost investment research houses, early last year launched a range of new managed account offerings. Among these multi-asset SMAs include Balanced, Moderate, Growth and High-Growth options.

Morningstar boasts that its SMAs are underpinned by its proprietary in-house investment management capability, which includes active/passive optimisation.

The portfolios are constructed using a range of Gold-, Silver-, and Bronze-rated managers and funds.

The Medalist multi-asset SMAs, including the Conservative and All Growth portfolios, were last December added to Colonial First State’s CFS Edge platform, with its Medalist Core managed accounts also participating in CFS Edge’s Accelerate discounted administration fee offering.

Morningstar chief investment officer for Asia Pacific Matt Wacher said he was “delighted that our suite of SMAs have been included on the CFS Edge Platform accessing the Accelerate program, HUB24 Discover and Netwealth Core Accelerator”.