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December 19, 2013 at 09:46 AM
HD Vest Financial Services says its portfolio-management service, VestAdvisor Select, has gathered over $700 million in client assets since its launch in October 2012.
VestAdvisor Select includes 180 investment models focused on specific client goals, which advisors can work with in designing portoflios.
Each model’s strategy is preset, but advisors “have full discretion in modifying the initial models on a tactical basis to incorporate investments in which they or their clients have high conviction,” the company says.
“The remarkable response we have seen to the VestAdvisor Select service in only one year–with $700 million in client assets now managed under the program–shows very clearly that advisors want the increased flexibility that comes from engaging with our advisory platform to manage their clients’ assets, while investors recognize the value of putting all of our investment management resources to work alongside their advisor to drive toward their goals,” said President and CEO Roger Ochs, in a press release.
