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June 20, 2014 at 12:09 PM
New products introduced over the last week include a MLP fund from Salient; ETF portfolios without management fees from Covestor; Redhawk Wealth Advisors’ addition of AdvisoryWorld portfolio analytics to its platform; and a cost comparison tool added to Invesco’s DC Plan Analyzer app.
Also, AssetMark added a mobile app; Brown Brothers Harriman was chosen to support Lord Abbett’s UCITS platform; and Allianz Life announced an extension to its index agreement with Barclays.
Here are the latest developments of interest to advisors:
1) Salient Launches MLP Fund
Salient Partners L.P. has announced the launch of the Salient MLP Fund (SAMCX,SCMCX, SIMCX).
The fund seeks to provide a high level of total return and emphasizes making quarterly cash distributions to shareholders. Its strategy entails investing at least 80% of its net assets in equity securities of MLPs.
It may also invest in securities of other energy companies and securities issued by open- and closed-end investment companies, including money market funds, actively managed and index exchange traded funds and exchange traded notes, U.S. government securities, debt securities, cash and/or other cash equivalents.
2) Covestor Introduces ETF Portfolios with No Management Fees
Covestor has announced the launch of Covestor Core Portfolios, which invest in ETFs and do not charge management fees.
The three portfolios are the Covestor Core Moderate Portfolio, which consists of 40% equities and 60% bonds; the Covestor Core Balanced Portfolio, 60% equities and 40% bonds; and the Covestor Core Growth Portfolio, 80% equities and 20% bonds. Within each portfolio, ETFs representing asset classes are selected based on quantitative factors including growth potential, income, stability, inflation hedging, and diversification of risk.
3) Redhawk Wealth Advisors Adds SCANalytics from AdvisoryWorld
Redhawk Wealth Advisors, Inc. has announced the addition of AdvisoryWorld’s SCANalytics portfolio analytics, investment planning and proposal generation application into its advisor platform.
SCANalytics is an intuitive application that features integration with leading portfolio management and CRM applications. Redhawk advisors will have access to integrated sales and service workflows featuring the SCANalytics application with TD Ameritrade Institutional’s Veo, Orion Advisor Services, and Redtail’s CRM. SCANalytics enables advisors to provide clients portfolio research reports and proposals along with model allocation and performance analysis.
