Actuarial firm Milliman has launched a capital protection overlay for model portfolio services, aimed at allowing advisers to manage equity risk for clients.
In a statement, the company said the overlay structure will afford advisers the ability to manage risk for risk-averse clients “while also retaining control of equity investments”, whether that be through direct shares, managed funds, or ETFs.
Milliman director of investment services Michael Armitage said the structure has multiple applications, adding that it can be used to create white-labelled services.
“Milliman’s model portfolio solution meets the needs of investors such as retirees who cannot endure sustained market drawdowns that often occur with equity investments,” he said.
“It also allows model portfolio…
