Fidelity International has announced the launch of its WealthBuilder Model Portfolio Service (MPS), a suite of globally diversified options that will be available to advisers from mid-April.
The MPS is built around three complementary portfolio ranges – Active, Blended and Passive Plus, with seven modelled portfolios within each offering differing risk and return parameters.
The MPS will invest in 10 ‘managed funds’, with some run by Fidelity while others will rely on third-party strategies. These will serve as core holdings across the portfolios.
Graham Folley, head of MPS and intermediary solutions at Fidelity International, said: “For advisers and their clients, [Fidelity WealthBuilder MPS] means access to a wider opportunity set, dynamic asset allocation and competitive pricing, all within a robust, risk-rated framework designed to support long-term financial outcomes.”
The Active range is designed for investors seeking enhanced returns through high-conviction style active management, with alpha generated through a research-intensive approach.
The Blended range is for investors looking for balance and consistency through a combination of active and passive strategies achieving global diversification across market cycles.
Finally, the Passive Plus range targets more cost-conscious investors, with the low-cost portfolios in the range incorporating factor exposures such as value, quality and momentum.
Each range will be managed by Caroline Shaw and Chris Forgan, who in turn will be supported by Fidelity’s wider multi-asset team.
The managed fund structure aims to ensure improved access and flexibility across asset classes and vehicles, as well as competitive pricing, with underlying ongoing charge figures ranging from 0.10% to 0.55% and a discretionary fund management fee between 0.10% and 0.15%.
Dennis Pellerito, head of wholesale at Fidelity International, said: “MPS represent a structural evolution in UK wealth management and clients are demanding access to institutional-quality investment expertise through scalable, risk-rated solutions.”