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Top Portfolio Products: Nuveen Launches Alternative Investment Platform

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New products and changes introduced over the last week include an online alternatives investment platform from Nuveen, an individual disability income policy from Guardian Life Insuranc, and another inverse ETF from Direxion.

In addition, MAXIS GBN launched a global risk solution for multinational companies to insure their local workforce and Dynasty Financial Partners launched its Core Value Pillars.

Here are the latest developments of interest to advisors:

1) Nuveen Adds Online Alternatives Investment Experience

Nuveen, the operating division of TIAA Global Asset Management, partnered with Artivest to launch an online alternatives investment platform for registered investment advisors, family offices, private banks and other financial advisors serving qualified high-net-worth investors.

Users of the platform can allocate alternative investments across client portfolios and monitor investment activities. Alternative investments include real estate, agriculture, infrastructure, private equity and credit-based and long/short strategies.  Other capabilities of the new platform include client onboarding and access to educational and marketing materials. The platform also includes a full-service support team.

2) Guardian Adds Individual Disability Income Policy

The Guardian Life Insurance Company of America launched Provider Choice, individual disability income protection in three packages with customization options.

Each package includes a base policy with hospice care and provisions for serious illnesses such as cancer, stroke, and heart attack, and can be customized with riders such as retirement plan contributions, partial disability, inflation protection and student loan repayment.

3) Direxion Adds Inverse ETF

Direxion launched the Direxion Daily European Financials Bear 1X Shares (EUFS), which pursues daily investment results, before fees and expenses, of 100% of the inverse of the performance of the MSCI Europe Financials Index.

EUFS has a net expense ratio of 0.45%.

4) MAXIS GBN Launches Global Risk Solution

MAXIS GBN launched its Global Risk Solution (GRS), which is a single-employer, non-profit-sharing arrangement for centralized multinational companies with large global footprints that want to insure their local workforce as part of a larger worldwide employee population.

Eligible coverages include group death benefits; survivor income benefits; group disability benefits; and medical coverage.

5) Dynasty Financial Partners Lists Core Value Pillars

Dynasty Financial Partners has listed its Core Value Pillars, which outline their services and offerings.

The pillars span such areas as community, technology, finance, investments/operations, marketing, compliance and practice management. Each pillar details available support within the category to member firms within its network.

Read the August 8 Portfolio Products Roundup at ThinkAdvisor.


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