New products and changes introduced over the last week include 10 ETFs from WBI and a bundled services solution from AVS Group.
Also, Financial Advocates and Succession Resource Group announced a partnership to expand acquisition and succession resources for advisors.
Here are the latest developments of interest to advisors:
1) WBI Launches 10 ETFs
WBI Investments of Red Bank, N.J., has announced the launch of 10 tactical ETFs, which seek to provide low volatility and low correlation leading to absolute risk-managed returns.
The ETFs are: WBI SMID Tactical Growth Shares (WBIA); WBI SMID Tactical Value Shares (WBIB); WBI SMID Tactical Yield Shares (WBIC); WBI SMID Tactical Select Shares (WBID); WBI Large Cap Tactical Growth Shares (WBIE); WBI Large Cap Tactical Value Shares (WBIF); WBI Large Cap Tactical Yield Shares (WBIG); WBI Large Cap Tactical Select Shares (WBIL); WBI Tactical Income Shares (WBII); and WBI Tactical High Income Shares (WBIH).
2) AVS Group Announces Bundled Services Solution for Life Settlement Investors
Life expectancy provider the AVS Group has announced a bundled services solution to provide life settlement investors with support and services. The AVS Advantage is a streamlined process that ensures the comprehensive servicing of portfolios combined with continuous underwriting of insured lives, enabling more frequent portfolio valuation. The offering allows clients to create a customized solution, which aids in satisfying a portfolio manager's asset management duties.
Services provided by the AVS Advantage include the largest and most comprehensive data set available; secure client access portal for efficient data exchange; more than 20 years of underwriting, tracking and servicing expertise; access to PTS, the firm’s proprietary database, for real-time reporting and portfolio metrics; and customizable solutions and reporting.
3) Financial Advocates, Succession Resource Group Announce Partnership
Financial Advocates (FA) and Succession Resource Group (SRG) have announced a partnership to help helping FA advisors acquire, merge or partner with more external practices. The strategic alliance will also help FA as a firm by retaining more of their existing advisors and assets through SRG's consulting, resources, information, and fee structure.
Practice acquisition and succession planning have proven challenging issues for advisors and their broker-dealer/custodians. According to executives at SRG, succession planning has been widely misunderstood and equated to selling the business and retiring. However, there has been a gradual trend toward proactive succession planning, and FA is committed to being a resource to help the pending industrywide wave of retiring advisors and the ensuing client/advisor attrition.
Read the August 22 Portfolio Products Roundup at ThinkAdvisor.