The FundsNetwork Navigator service uses internally developed risk profiling techniques to gauge clients’ tolerance for risk. The system then recommends one of the three Multi Asset Allocator funds of funds that Fidelity launched in October 2011 for Trevor Greetham, which are called Defensive, Balanced and Growth.

This is the first time the FundsNetwork platform has offered advisers a proprietary ‘end-to-end’ way for them to outsource investment management.

The launch puts the group up against similar offerings from Skandia, which offers the Spectrum fund suite and risk-profiling tools, and Standard Life, which offers MyFolio.