December 19, 2011

Top Portfolio Products: Global X Relaunches China Tech ETF; Security Benefit, Mesirow Team on Fiduciary 401(k) Product

In addition, Advisor Software introduced two new products for investment professionals, and Cole Real Estate rolled out a daily NAV Non-Traded REIT

New products introduced over the last week include a new fiduciary 401(k) product from Security Benefit and Mesirow Financial and a relaunch of a China ETF from Global X.

In addition, Advisor Software introduced two new products for investment professionals, and Cole Real Estate rolled out  a daily NAV Non-Traded REIT.

Here are the latest developments of interest to advisors:

1) Guggenheim’s Security Benefit Corp. Teams With Mesirow on Fiduciary 401(k) Product

Security Benefit Corp., a Guggenheim Partners Co., announced on December 12 that it is associating with Mesirow Financial to launch a new 401(k) product with fiduciary protection.

Expected to be released in Q1 2012, SecurePoint Retirement will combine the 3(38) ERISA fiduciary capabilities offered by Mesirow Financial’s Investment Strategies group in a package that includes the firm’s investment selection, monitoring, and replacement services.

Built around investment options from Security Benefit’s open-architecture, multimanager mutual fund platform,

SecurePoint Retirement relies on Mesirow Financial to make all the decisions for selecting, monitoring, reporting, and replacing the investments under their investment management agreement with the plan sponsor.

2) Global X Funds Relaunches China Technology ETF

On Tuesday, Global X Funds relaunched the Global X NASDAQ China Technology ETF (QQQC) on the NASDAQ. The fund was previously named the Global X China Technology ETF (CHIB). QQQC tracks the NASDAQ OMX China Technology Index, which is designed to track the performance of the technology sector in China. As of December 12, the three largest index components were ASM Pacific Techno, Lenovo Group, and BAIDU, INC.

QQQC is made up of securities of companies that have their main business operations in the technology sector: computer services; Internet; software; computer hardware; electronic office equipment; semiconductors; and telecommunications equipment.

3) Advisor Software Launches Goal-Based Proposal Solution and goalgamiPro

Advisor Software, Inc. recently announced the release of two new products: the ASI Goal-Based Proposal Solution for enterprise clients and goalgamiPro for advisors.

The ASI Goal-Based Proposal Solution allows investment professionals to integrate financial planning and investment management to create personalized advice for clients using customized household balance sheets that showcase every client’s true capacity for risk.

It applies the asset-liability matching concepts of the pension industries’ liability-driven investing methodology to the retail investment problem and allows advisors to determine clients’ risk capacity by analyzing their entire household picture, not just administering a risk questionnaire. In addition, the goal-based software gives investment professionals the opportunity to measure their success in terms of progress against goals, putting the client’s unique needs at the center of all financial plans.

The other product, goalgamiPro, is a web-based, goal-driven financial planning tool that enables advisors to create and maintain multiple household balance sheets for clients, providing an effective and efficient way to help clients prioritize and determine the feasibility and affordability of their financial goals. It leverages ASI Wealth Manager, a goal-driven investment management solution, and allows the advisor to express a client’s goals in multiple priority classes: necessary, target and aspirational.

The key output of goalgamiPro is a PDF report of the household balance sheet diagnostic, indicating whether a client can afford to fund his or her financial goal plan.

Read last week’s Portfolio Products Roundup at AdvisorOne.com.

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