Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Portfolio > Portfolio Construction

BNY Mellon’s Pershing Launches No-Fee ETF Platform: Portfolio Products

Your article was successfully shared with the contacts you provided.

BNY Mellon’s Pershing launched a no-transaction-fee exchange-traded fund (ETF) platform: FundVest ETF.  The platform requires no purchase minimums or holding period and will be available to all Pershing clients. The solution complements Pershing’s existing mutual fund NTF platform, FundVest.

“As the demand for ETFs continues to increase, we are pleased to bring our clients a diverse selection of no-fee ETFs offered on an independent, open architecture platform,” said Justin Fay, Pershing’s director of Financial Solutions, responsible for Alternative Investments and ETFs. “This new offering reaffirms our commitment to expanding the suite of low-cost investment solutions available to our clients as they continue to implement ETFs more frequently within portfolios in an effort to more efficiently meet investor financial goals.”

Inflows into ETFs on the Pershing platform increased 20% in 2016, compared to the previous year. In addition, a recent Pershing survey among 1,500 financial advisors, RIAs and global wealth managers found that more than two-thirds of respondents who used ETFs said they intend to increase their usage over the next 12 months.

FundVest ETF spans a diverse range of asset classes, featuring funds from market-leading providers including Direxion, Guggenheim Investments, PowerShares by Invesco, OppenheimerFunds, PIMCO, Reality Shares, and SPDR ETFs from State Street Global Advisors. The platform will continue to grow and add new providers over the coming months.

Pershing clients will have full access to the variety of funds available on FundVest ETF via the ETF Center on NetX360.

Envestnet | Yodlee Unveils Personal Financial Wellness Solution 

Envestnet | Yodlee launched its Personal Financial Wellness Solution. The new suite of financial wellness applications leverages advancements in artificial intelligence, machine learning and data analytics to provide solutions, value and revenue opportunities for financial institutions and fintech developers.

The Envestnet | Yodlee Personal Financial Wellness Solution features two applications: OK to Spend and Save for a Goal.

OK to Spend enables financial service providers to create forward-looking forecasts that organize and predict recurring income and financial obligations along with personalized notifications for financial events and projected balances. Its analytics is run across the consumer’s primary spending accounts (cash and credit card), regardless of which financial institution they primarily bank with, in order to provide a holistic view of their finances.

The Save for a Goal application allows consumers to easily set and track savings goals. The application facilitates money movement across different accounts at a specific time frequency and allows customers to better track their goals by allowing consumers to allocate multiple goals to a single account, or spread a single goal across multiple cash and investment accounts.

Broadridge Adds MSCI ESG Fund Metrics to Expand Global Market Intelligence Platform

Broadridge Financial Solutions announced an agreement with MSCI ESG Research to add its environmental, social and governance (ESG) fund metrics to Broadridge’s Global Market Intelligence.

Under the agreement, key MSCI ESG fund metrics will be available on the platform to provide an increased level of transparency on the ESG quality and characteristics of more than 26,000 mutual funds and ETFs covered by MSCI ESG Research.

Global Market Intelligence, which provides detailed information on 80,000 mutual funds and ETFs globally, will incorporate the ESG quality scores, sustainable impact, carbon intensity metric and value alignment scores on every fund tracked by MSCI ESG Research directly onto its platform.

This allows users to analyze fund level ESG factors across product categories, markets and active and passive strategies. It also gives investment managers the ability to review and compare competitive products by their size, flows and growth trajectory. 

Research Affiliates Launches Revamped Asset Allocation Interactive Website

Research Affiliates launched a new version of Asset Allocation Interactive, an online investor tool that provides investment information and expected return data across more than 130 assets.

The site features newly added alternative asset classes including real estate, hedge funds, and private equity. The site also includes 11 model portfolios—encompassing expected and historical returns and risk, tracking error, CAPE ratios, inflation expectations, yield curves, GDP growth rates, commodity term structures and more.

Results are now available in four additional major currencies: euro, British pound, Japanese yen, and Australian dollar. Users can create, save, and blend portfolios, and configure results using two expected return models: valuation dependent and/or yield-plus-growth.

—Read last week’s roundup here: Goldman Sachs Launches First Bond ETF: Portfolio Products


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.