Nucleus unveils model portfolio tool

Nucleus Financial has added a model portfolio tool to its platform enabling advisers to invest and manage clients' assets in a way more closely aligned to their risk profile.

The free platform tool is designed to simplify the investment process for advisers as investments can be made inline with pre-determined risk profiles.

Furthermore, the 'rebalancing' function can reset a client's asset allocation inline with their model portfolio when market movements occur.

The tool will help adviser provide consistent investment strategies to move with clients circumstances, according to the firm.

Nucleus has also added 'bulk switching' which allows advisers to request bulk asset switches for multiple clients and has improved its 'straight through' processing for asset transfers.

It predicts a large proportion of assets held on the platform will be in model portfolios by the end of 2009.

"The new model portfolio tool offers advisers much more flexibility and will help them to match the customer's risk profile," says Andy Smith, chief technology officer at Nucleus.

"In the current economic climate consumers are seeking high quality professional advice to guide their financial decisions and this re-balancing tool will help advisers to demonstrate to their clients that their investments will remain in line with their appetite for risk and financial circumstances," he adds.