16 December 2011 - Distribution Technology, the UK’s leading provider of financial planning and front office technology, is pleased to announce that it has recently conducted risk profiling for two additional funds from Apollo Multi Asset Management.
The Apollo Multi Asset Defensive Fund and Apollo Multi Asset Adventurous Fund join the Balanced and Cautious Funds, which were risk profiled earlier this year. The addition of two further funds means that Apollo now offers a range of risk-profiled investment solutions designed to meet a wide variety of investors’ needs, spanning risk profile 3 (‘low risk’) with the Apollo Multi Asset Defensive Fund , to risk profile 7 (‘highest medium risk’) with the Apollo Multi Asset Adventurous Fund.
Craig Wetton, Partner at Apollo Multi Asset Management says “an ‘Adventurous’ Fund does not necessarily require a very high risk profile and we want to make sure our customers are clear about the investments they make. Using the fund risk profiling service from Distribution Technology allows us to categorise these popular funds with risk profiles that are familiar to thousands of advisers around the UK.”
Phil Morse, Head of Asset Management at Distribution Technology, adds: “we are delighted that Apollo has chosen to risk profile a further two funds with us. Fund risk profiling processes have been under the regulatory microscope this year; the FSA for example, wrote to Wealth Management CEOs in June, asking them to demonstrate that their client portfolios and portfolio holdings are ‘suitable’. Our fund risk profiling service makes it easy for advisers to align a client’s risk profile with suitable funds and portfolios for that profile, using the risk profiling tools within Dynamic Planner.”
