Model Portfolios and Benchmarks
Morningstar Adviser Workstation provides dual options for models and benchmarks, so it is useful to know the options available and the benefits of each
Static Models and Simple Benchmarks work in much the same way as Quick Portfolios in Client Management, that is they track holdings and analyse how a portfolio/model/benchmark is positioned. These are quick to set up, though note there is no history of past holdings.
To see how you can create a Static Model click here, for a Simple Benchmark click here, or here for a video.
Variable Models and Staged Benchmarks track the changes in holdings over time, and analyse how the portfolio positions have evolved. Therefore these will provide more detailed performance figures, though require more data to create.
To see how you can create a Variable Model click here, or for a Staged Benchmark click here. Once created, you can then add historical data and amend weightings. Edit a variable model or edit a staged benchmark.