Wealth Management

Portfolio Construction Solution

Based on the farrelly's asset allocation framework, TNP Wealth Management provides a range of portfolio construction tools and services including investment committee services, risk profiling and research tools, model portfolios and approved product lists (APLs). The TNP WM Portfolio Construction framework is founded on current best practice models from around the world and will continue to evolve as current thinking evolves. Our goal is to provide our members with the skills, knowledge and tools to design, build and manage world class investment portfolios for their clients.As a member of TNP Wealth Management you will have access to the following portfolio construction tools :

  • TNP Standard Model Portfolios for key platforms (currently FNZ and Aegis). Initially Active funds have been developed.Passive fund and direct security models will be introduced in Q2 2011.
  • Research. All members have access to Lonsec Research platform for active funds. If required, Advisers can also have access to Morningstar fund research.
  • Comprehensive Risk Profiling tools incorporating tolerance questionnaire using XPLAN (similar to Finametrica) and Capacity Fact Find. We believe these tools are one of the most comprehensive available to New Zealand advisers.
  • Investment Committee. Comprising a core team of advisers, Tim Farrelly and Lonsec Consulting as well as key TNP WM resources, the investment committee meet quarterly to review asset class valuations, model portfolio structures, changes to approved product lists and the TNP WM Investment Policy Framework. All members of TNP Wealth Management are invited to these meetings (via web and teleconference) to listen to the discussion to ensure a good understanding of the rationale for the decisions being made by the committee. All attendees have the opportunity to ask questions and raise points at various junctures during each meeting. If a member disagrees with a specific decision by the committee they are free to adapt the outcome accordingly for their practice. Meetings are also recorded and available for advisers to review at a later date. This effectively provides advisers with their own exclusive 'investment committee'.
  • Model Portfolio update guide explaining any changes to the models from those in the preceding quarter.
  • Model Portfolio Calculator. This calculator can be adapted by each adviser to suit the needs of their practice.
  • Standard Model Portfolios on OneAnswer wrap platform. Currently Aegis does not allow models to be shared between members of a non-aligned group. This allows advisers who use OneAnswer to place a TNP model order.
  • A guide on how to incorporate non-model product from the Approved Product List into the models.
  • Policy, Philosophy and Framework templates which can be customized for use within each adviser practice.