What are the roles of Amerivest and Morningstar Associates in Amerivest Guided Portfolios?
Amerivest’s responsibilities include setting the initial asset allocation (using a quantitative methodology) and providing ongoing rebalancing of the Portfolio (acting to buy, sell, exchange, or otherwise trade) with funds carefully selected by the professionals at Morningstar Associates. Morningstar Associates chooses funds from the TD AMERITRADE Premier List using a rigorous quantitative and qualitative selection process. Morningstar Associates combines the funds using their proprietary portfolio construction methodology to meet the asset allocation targets set by Amerivest. Morningstar Associates monitors the underlying funds to ensure that the portfolios are constructed to align with the investment objectives.
Amerivest provides ongoing rebalancing of the portfolio (acting to buy, sell, exchange, or otherwise trade). Morningstar Associates uses its proprietary qualitative and quantitative methodology to construct and recommend to Amerivest the asset allocations and securities used in the Amerivest service. Morningstar Associates chooses funds from the TD Ameritrade Premier List using a rigorous quantitative and qualitative selection process. Morningstar Associates combines the funds using their proprietary portfolio construction methodology to meet the asset allocation targets set by Amerivest. Morningstar Associates monitors the underlying funds to ensure that the portfolios are constructed to align with the investment objectives.
