Close Close

Portfolio > Portfolio Construction

Top Portfolio Products: New Robo Assistant, Liquid Alts Fund

Your article was successfully shared with the contacts you provided.

New products and changes introduced over the last week include a fund from Vertical Capital; an ETF from Guggenheim Investments; an enhanced risk profiling system and a risk management solution from FinaMetrica; a robo solution from RiXtrema; and a milestone for 361 Capital’s global long/short equity fund.

Also, Hickory Growth Partners announced a partnership with financial services firms; RightSize Solutions launched three tools for advisors; Aequitas Capital partnered with Gladstone Analytics; Quovo integrated with Advyzon; and Salient Partners announced that it would acquire Forward Management.

Here are the latest developments of interest to advisors:

1) RiXtrema Offers Robo Assistance

RiXtrema has announced the launch of Advisor BioniX, a tool that combines the actions of a robo advisor with individualized advice.

Advisor BioniX simplifies and automates portfolio management and basic client interaction. It handles the client’s risk tolerance assessment, asks basic financial planning questions and uses the information in determining the optimal portfolio for the investor.

This information can ultimately be used by advisors as they prepare custom financial plans when converting clients from the online service to for-fee services.

2) Vertical Capital Adds Fund

Vertical Capital Markets Group has announced the launch of the Vertical Capital Defined Risk Fund (VCDRX, VDRIX), a liquid alternative fund of funds that seeks capital appreciation combined with reduced market volatility.

The fund is sub-advised by Lido Advisors, Inc. of Beverly Hills. As subadvisor, Lido pursues the fund’s investment objective by investing primarily in liquid alternative funds that invest in many different asset classes and use a variety of alternative investment strategies, such as long-short, market neutral, opportunistic and global macro strategies. It may also invest a portion of the fund in other financial instruments, including private investments.

3) Guggenheim Adds Global Infrastructure ETF

Guggenheim Investments has announced the launch of the Guggenheim S&P High Income Infrastructure ETF (GHII), a yield-weighted global infrastructure ETF designed to pursue income in a low-interest-rate environment.

GHII tracks the S&P High Income Infrastructure Index, which measures and monitors the performance of 50 highest-yielding global equity securities of companies that engage in various infrastructure-related subindustries. Index constituents must meet size, listing and liquidity requirements and also be part of the S&P Global BMI, a rules-based index that measures global stock market performance.

4) FinaMetrica Launches Enhanced Risk Profiling System, Partners with RiXtrema

FinaMetrica has announced the launch of FinaMetrica Plus, an integrated and expanded risk profiling system, and has also partnered with RiXtrema to provide a combined end-to-end risk management solution.

Among other features, FinaMetrica Plus features an asset allocation mapping service that interactively compares client risk tolerance with the risk in both their current and target portfolios. It also includes an integrated gap analysis calculator that provides snapshots of FinaMetrica’s risk and return guide for 11 illustrative portfolios, ranging from 0% to 100% growth assets. Advisors can highlight current and target portfolios, allowing clients to see comparable 40-year historical risk-and-return data.

The joint FinaMetrica/RiXtrema risk management solution offering will include FinaMetrica’s psychometric risk tolerance test and portfolio mappings services, along with RiXtrema’s stress testing and portfolio applications to modify portfolio exposures and mitigate risk.

5) 361 Capital Fund Hits Milestone

361 Capital has announced that the 361 Global Long/Short Equity Fund (AGAZX) has reached its one-year track record on Jan. 6 and has beat benchmarks, placing in the top 8% of the Morningstar Long/Short Equity Category out of 349 funds for the one-year period ended January 31, based on total return.

AGAZX is subadvised by Los Angeles-based Analytic Global.

6) Hickory Growth Partners Announces Partnership

Hickory Growth Partners has announced a partnership with Aequitas Capital, Gavion LLC and HighTower to provide the resources of the three firms to advisors in the south and south central U.S. who lack the resources for growth on their own.

Aequitas Capital provides human resources, accounting and other back office infrastructure; Gavion provides access to institutional investment opportunities; and HighTower provides access to an open architecture investment platform as well as operational infrastructure, including the firm’s transition teams, who will help transfer assets and clients.

6) RightSize Solutions Launches Three Advisor Tools

RightSize Solutions has announced the availability of three tools for advisors.

The tools are enhanced two-factor authentication, to improve security and auditing abilities; a third-party backup, available through partnering with IBackup; and an archiving solution to address compliance issues.

7) Aequitas Capital Partners with Gladstone Analytics

Aequitas Capital has announced a partnership with Gladstone Analytics to provide advisors with Gladstone’s Web-based solution to value, benchmark and improve business operations.

The platform provides proactive practice improvement tools that use real-world data to help advisors assess different ways of managing their business that will result in different economic outcomes.

8) Quovo Integrates with Advyzon

Account aggregation provider Quovo has announced its integration with technology hub Advyzon from yHLsoft, Inc.

Advyzon is an inclusive, scalable, cloud-based service to help financial advisors grow their business. It includes client relationship management (CRM), portfolio management/performance reporting, monitoring, investment planning, and business intelligence.

9) Salient Partners to Acquire Forward Management

Salient Partners has announced that it will acquire Forward Management, an independent, privately held asset management firm based in San Francisco and investment advisor to the Forward Funds. Upon completion of the transaction, the combined firm will manage and advise over $27 billion in assets.

Salient and Forward will combine their mutual fund offerings to provide a suite of asset allocation and alternative strategies designed to allow investors the opportunity to create diversified portfolios or enhance their existing portfolios. Salient plans to add to its institutional product offerings with new private funds and separately managed accounts based on Forward’s investment strategies.

Read the Feb. 6 Portfolio Products Roundup at ThinkAdvisor.