Manulife Investments (MI) is offering its independent advisors across Canada a new online investment tool called Manulife Portfolio Select to help them manage their clients’ assets and establish documented investment strategies.

MI says the tool was designed to help advisors recommend appropriate asset allocation portfolios for their clients. This new service helps advisors assess clients’ investment objectives and risk tolerances, then select portfolios tailored to client’s unique needs.

An integral part of the tool is the advisor’s ability to create an Investment Policy Statement for each of their clients. The Investment Policy Statement fully documents the investment strategy agreed upon between the client and advisor, while also helping to provide a base to review future investment performance.

“Manulife Portfolio Select enhances the wide range of sales support tools MI offers to its Canadian advisors, allowing them to more easily know, assist and benefit their clients,” says Eric Grove, VP, MI. “When backed by annual reviews, the client’s Investment Policy Statement can establish whether they are on course to achieve their financial objectives, while also helping them recognize any need to change direction.”

“The Investment Policy Statement also helps maintain a highly disciplined approach to managing assets, which is a benefit for both investors and their professional advisors,” adds Grove.

In addition to customized investment policy statements, the software features an online questionnaire to document client goals and risk tolerance, and provides a comprehensive selection of Manulife Asset Allocation Portfolios.