Business
Morningstar Wealth Teams with Apollo, Franklin Templeton and J.P. Morgan Asset Management to Develop Public/Private Model Portfolios
Morningstar Wealth Teams with Apollo, Franklin Templeton and J.P. Morgan Asset Management to Develop Public/Private Model
About this update from Morningstar, Inc.
Morningstar (Nasdaq: MORN) today announced that its Morningstar Wealth division is working with Apollo, Franklin Templeton and J.P. Morgan Asset Management to launch a suite of public/private model portfolios that give financial advisors a single, research-driven way to access private markets. Objective Portfolio Construction Meets Institutional Capabilities Morningstar Public/Private Select Series will bring together: Morningstar Wealth’s asset allocation, manager research, and due diligence rigor Public market strategies from Franklin Templeton and J.P. Morgan Asset Management Private market strategies from Apollo and Franklin Templeton, spanning private credit and real estate Unlike many public/private offerings built around a single firm’s strategies, Morningstar Wealth draws on its experience in asset allocation, investment selection, and portfolio construction, with a research-led focus on investor outcomes. Morningstar Wealth is a group within Morningstar Investment Management LLC, a registered investment adviser, which works with advisors to provide investment strategies such as model portfolios and separately managed accounts (SMAs) with $370 billion in assets under management. Kunal Kapoor, chief executive officer, Morningstar: “Morningstar is bringing independent research, disciplined asset allocation, and transparent pricing together in a single framework, so advisors can help navigate complex private markets and democratize access to them for even more investors.” Designed for Advisors, Built for Clients The portfolios will be constructed with ETFs and interval funds to make private markets usable in individual investor portfolios, offering: Six risk-based portfolios, ranging from capital preservation to aggressive growth Public and private exposures integrated into a single asset allocation Transparent, competitive pricing, including no overlay fees Accessible minimums, expanding access beyond traditional institutional investors By packaging private market exposure within a diversified model, Morningstar Wealth aims to remove the burden of sourcing, sizing, and managing liquidity, allowing advisors to focus on client needs rather than portfolio construction. The initial models will include exposure to private credit and real estate through interval funds ranging approximately between 12–20% of the models’ allocation, depending on risk profil...