Ibbotson Associates Australia, a subsidiary of Morningstar's investment management division, has been chosen to undertake manager selection and investment management for four of the Netwealth Global Specialist diversified funds and the Netwealth Super Wrap and Super Accelerator funds. The entire range has around A$5 billion in assets.

In addition, Ibbotson will be providing investment consulting services, including strategic and dynamic asset allocation advice, model portfolio construction and dealer group support.

Ibbotson Associates Australia provides investment consulting services to institutions and advisors and has around US$186 billion in assets under advisement and management as of 30 June 2012.