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Top Portfolio Products: RiverPark, Saturna Roll Out New Funds

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New products and changes introduced over the last week include a mutual fund from RiverPark and two funds from Saturna Capital.

Also, AssetMark expanded its high-net-worth solution for independent advisors; MarketGrader added two index series; SEI launched its wealth platform certification program; and Broadridge shares its “Intelligent Reports” solution to advisors in Canada.

Here are the latest developments of interest to advisors:

1) RiverPark Adds Value Fund

RiverPark Advisors, LLC, has announced the launch of the RiverPark Focused Value Fund (RFVIX, RFVFX). It will be managed by David Berkowitz, the firm’s new co-chief investment officer.

RFVIX seeks long-term capital appreciation by investing in the equity securities of companies that the fund’s advisor believes are trading at a substantial discount to intrinsic value. The fund will invest primarily in the securities of U.S. companies with market capitalizations in excess of $10 billion.

2) Saturna Capital Adds Two Funds

Saturna Capital has announced the launch of the Saturna Sustainable Equity Fund (SEEFX) and the Saturna Sustainable Bond Fund (SEBFX).

The funds will invest globally in securities of issuers rated by Saturna as low risk in the areas of the environment, social responsibility, and governance (ESG).

3) AssetMark Expands HNW Solution

AssetMark, Inc. has announced an expansion to its set of investment solutions for HNW clients. The firm has added the William Blair custom HNW strategy and the Aris custom HNW strategy.

In the William Blair custom HNW strategy, portfolios generally include a custom and tax-aware mix of U.S. and international equities and mutual funds, bonds and liquid alternative strategies.

The Aris custom HNW strategy provides service and tax-smart custom portfolios starting at $500,000.

4) MarketGrader Adds Two Index Series has announced the addition of its international and global index series, including developed and emerging markets.

The two series add a total of 18 international and global indexes to MarketGrader’s offerings. The coverage universe for the international and global indexes currently spans over 35,000 companies across 100 markets, representing more than $75 trillion in market capitalization. 5) SEI Adds Wealth Platform Certification Program

SEI has announced the launch of its wealth platform certification program, which is a 5-week program consisting of 32 hours of self-administered and classroom-style training.

Individuals who complete the program will be certified providers of SEI’s wealth platform implementation and support. The program will be offered on a quarterly basis.

6) Broadridge Launches ‘Intelligent Reports’

Broadridge Financial Solutions Inc. has announced the launch of an end-to-end reporting solution that allows investment brokers and dealers to meet upcoming fee and performance reporting requirements under Canada’s Client Relationship Model, Phase 2—or “CRM2”—regulatory initiative, which goes into effect July of next year.

The new “Intelligent Reports” solution provides workflow support to capture, aggregate and process account charges and compensation and performance data in a client-accessible format.

Read the March 27 Portfolio Products Roundup at ThinkAdvisor.


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