New products and changes introduced over the last week include an international growth fund from Touchstone and an SEC- and FINRA-compliant channel for retail financial services from IRI and Gainfully. In addition, NerdWallet and FeeX partnered on new retirement savings tools and Quito partnered with Vanier to offer a customized wealth management platform.
Here are the latest developments of interest to advisors:
1) Touchstone Adds International Growth Fund
Touchstone Investments launched the Touchstone International Growth Fund (TIAPX, TAGCX, TSPYX, TSIGX), which seeks to achieve long-term capital growth by investing primarily in the common stock of foreign companies through American Depositary Receipts (ADRs) and foreign stocks that trade on U.S. exchanges.
The fund, which focuses on issuers in developed markets, is subadvised by Dayton, Ohio-based Apex Capital Management.
2) IRI, Gainfully Partner on Compliant Marketing Platform
The Insured Retirement Institute and Gainfully have partnered to offer an SEC- and FINRA-compliant social media platform to financial professionals.
The Gainfully platform enables insurers and asset managers to make branded content available to financial advisors and allows broker-dealers to supervise what content is approved for their financial professionals to share.
3) NerdWallet, FeeX Team on Retirement Savings Tools
NerdWallet partnered with FeeX to launch tools designed to help workers “manage and maximize their retirement savings.” The NerdWallet Retirement Calculator, 401(k) fee analyzer and website, a 401(k) Rollover Center allow users to explore plans for hidden costs and fees, estimate how much a rollover might save them and look for alternate providers.
The retirement calculator provides workers with an idea of how they stand regarding their retirement goals, while the fee analyzer analyzes the fees for their retirement account, then delivers a cost comparison of the existing account and other investment alternatives.
4) Quito, Vanier Partner on Wealth Management Platform
Quito and Vanier | Nest Egg announced a strategic partnership to integrate their technologies into a customized wealth management platform that allows advisors to aggregate client data. The integration is expected to go live this summer.
Advisors can enter client risk assessments, asset-class models and investment portfolios that they have built into Vanier’s online wealth management platform where Quito’s aggregation technology will aggregate the data.