New product developments introduced over the last week include the availability of Global X Funds on the Dorsey Wright platform, the Hartford expanded into the structured settlement annuity market, and Broadridge released a mobile platform for Canadian shareholders to vote their shares over mobile devices.
In addition, Assurity Life added a new product and an e-signature option.
Here are the latest developments of interest to advisors:
1) Global X Funds Partners With RIA Firm Dorsey Wright to Market Portfolio
Global X Funds, a New York-based provider of exchange traded funds, announced Wednesday a partnership with Dorsey Wright & Associates, an independent registered investment advisory firm. The ETF provider is pairing up with DWA to market its Global Opportunities portfolio, a global portfolio based off of relative strength.
Global X Funds’ passively managed ETFs, broken down into developed markets, emerging markets, commodity producers, income producers and special opportunities fund suites, will be selectively available in the portfolio.
2) The Hartford Expands Into Structured Settlement Annuity Market
The Hartford’s Structured Settlement Fixed Annuity, issued by Hartford Life Insurance Co., provides tax-free payouts to people who receive settlements related to a workers’ compensation or personal injury claim.
The Hartford also offers medical underwriting for structured settlements. Because structured settlement recipients sometimes have accident-related injuries that can reduce their life expectancy, medical underwriting can potentially increase their periodic payments.
3) Broadridge Releases First Mobile ProxyVote Platform to Canadian Shareholders
Broadridge Financial Solutions, Inc. (BR) announced on August 22 that its ProxyVote.com platform will now be available on mobile data devices such as smart phones and tablets for Canadian shareholders. Previously, shareholders were only able to cast electronic votes via their personal computers, if they had registered for e-mail notification and delivery of proxy materials.
Twenty million proxy votes were recorded through ProxyVote.com for the 12 months ended June 30, 2010. ProxyVote offers beneficial and registered shareholders, as well as ESOP and ESPP participants, the convenience of voting their shares on the Internet.
With the introduction of Mobile ProxyVote, the service will now be available on compatible mobile devices. According to Broadridge data, e-mail delivery of proxy materials is growing exponentially in North America, nearly tripling to almost 78 million deliveries for the annualized period ended June 30, 2010, up from 27 million deliveries for the annualized period ended June 30, 2006.
Mobile ProxyVote.com is compatible with an array of market-leading mobile devices, including the Apple iPhone 4, as well as the BlackBerry, Google Android and Microsoft tablets and other Smart Phone platforms.
4) Assurity Life Announces New Product Availability and Addition of Face-to-Face e-Signature
Assurity Life announced Tuesday that it has launched LifeScape Whole Life, a fully underwritten whole life product, on iGO e-App. The product is available in all states, except for New York. The company is also introducing a Face-to-Face e-Signature option, which allows agents to complete an application and electronic signature process in iGO e-App, when they are in the presence of the client.
Face-to-Face e-Signature provides the benefit of functioning when the agent is using iGO e-App in the field, without an Internet connection, as part of Assurity’s disconnected iGO e-App option for agents. The Face-to-Face e-Signature option complements the other signature methods currently available in iGO e-App.