NU Online News Service, Nov. 4, 2003, 11:04 a.m. EST – The investment management arm of Thrivent Financial for Lutherans, Minneapolis, has started marketing the Focused Fund Service Gateway, a mutual fund wrap program developed by a unit of RBC Dain Rauscher Inc., Minneapolis.
Customers who join the program will pay a single wrap program management fee. In exchange, the customers will get access to a menu of about 120 investment funds. Thrivent advisors will use five asset-allocation models to help customers with asset allocation.
RBC Dain Rauscher is a unit of Royal Bank of Canada, Toronto.