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.