The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.

Dimensional Fund Advisors
Dimensional Fund Advisors has launched a discretionary Managed Portfolio Service (MPS), offering a suite of model portfolio solutions that cater to a variety of investment goals, all of which use Dimensional’s funds exclusively. Initially, it will be launching on Transact.

The models follow the firm’s characteristic systematic investment approach, offering evidence-based, diversified, cost-effective portfolios targeting higher expected returns, the firm said in a statement.

The MPS comprises 12 allocations ranging from 100 per cent equity to 100 per cent fixed income, in 20 per cent increments. Six are Core models with modest outperformance expectations. The remaining six are Core Plus models which target a higher outperformance, with a higher tracking error against the market. Dimensional’s MPS is priced at 0.06 per cent in addition to the funds’ ongoing charges (OCF).

“Dimensional has supported clients with model portfolio construction for many years. Our Managed Portfolio Service is the next phase, offering financial professionals the complete solution: investment philosophy, portfolio design, daily implementation, asset allocation and rebalancing,” Martyn Chappell, head of wealth management in the UK and Ireland, said.