Close Close

Portfolio > Portfolio Construction

Riskalyze Rolls Out Retirement Solutions: Portfolio Products

Your article was successfully shared with the contacts you provided.

Riskalyze rolled out an end-to-end digital 401(k) experience built around its Risk Number: Riskalyze Retirement Solutions.

This new joint offering with digital retirement platform Vestwell is now fully available to Riskalyze advisors at no additional cost.

Riskalyze Retirement Solutions is a digital platform designed to make it easy and profitable for advisors to propose, onboard and serve 401(k) plans. Powered by Vestwell, the joint product uses the Risk Number to ensure plan participants achieve the proper asset allocation.

The technology was designed with the fiduciary standard in mind, allowing advisors to document their alignment and compliance, demonstrating that they are acting in the best interests of plan participants.   

“Through our joint platform, Riskalyze advisors will be able to create and manage retirement accounts quickly and painlessly, while meeting all compliance needs,” said Aaron Schumm, CEO at Vestwell, in a statement. “We’re excited that advisors can begin using this offering from Riskalyze to provide clients with a comprehensive, risk-oriented 401(k) solution.”

Riskalyze also announced several other enhancements to its risk alignment platform, including fee visibility, performance reporting solutions, and advanced lead generation.

Riskalyze also upgraded its account automation platform Autopilot. In Autopilot, advisors can now set Account Targets to set investment allocations without the use of models, and still keep those accounts on track with “One-Click Fiduciary” technology. Electronic Trading is also now available – using the FIX trading protocol or custodian-specific APIs to send trades to custodians seamlessly and quickly.

Metaurus Advisors Launches Two New ETFs

Metaurus Advisors launched two new exchange traded funds (ETFs) for investors seeking either dividend cash flow or equity market growth, each with a passive, index-based strategy.

Metaurus Advisors’ US Equity Cumulative Dividends Fund – Series 2027 (IDIV) provides income-oriented investors a low cost way to participate solely in the actual ordinary dividends of the companies in the S&P 500 Index without exposure to the price movements in the constituent index stocks. The fund, which tracks the Solactive U.S. Cumulative Dividends Index – Series 2027, intends to pay monthly dividends through 2027 based on the actual ordinary dividends paid by companies in the index during the previous month.

Metaurus Advisors’ US Equity Ex-Dividend Fund – Series 2027 (XDIV) provides long-term growth-oriented investors a way to participate in the growth potential of the companies in the S&P 500 Index at a reduced purchase price. XDIV, which tracks the Solactive U.S. Ex Dividends Index – Series 2027, does not use leverage. Instead, XDIV is designed to provide investors with full equity price exposure by being compensated up front at time of investment for the value of 10 years of projected dividends. Both funds are designed to liquidate in December 2027.

Franklin Templeton Adds Four Passive ETFs to Franklin LibertyShares Suite

Franklin Templeton Investments added four new passive ETFs to its Franklin LibertyShares lineup—Franklin FTSE India ETF (FLIN), Franklin FTSE Russia ETF (FLRU), Franklin FTSE Asia ex Japan ETF (FLAX) and Franklin FTSE Switzerland ETF (FLSW).

This expands its country and regional passive ETF suite to now include 20 funds.

FLIN, FLRU and FLAX all have expense ratios of 0.19%. FLSW has an expense ratio of 0.09%.

Like Franklin Templeton’s existing passive ETFs, the new ETFs are market cap-weighted and benchmarked to country and regional indices from FTSE Russell, leveraging the global index provider’s capabilities and expertise across developed and emerging markets.

BMO GAM Reduces Fees for Two U.S. Equity Funds

BMO Global Asset Management (BMO GAM) reduced advisory and total expense ratio cap fees for BMO Large-Cap Growth Fund and BMO Large-Cap Value Fund, effective Feb. 8.

BMO GAM reduced the advisory fees by 15 basis points – from 50 bps to 35 bps. BMO GAM also reduced the total expense ratio cap for all share classes by 21 basis points.

PhaseCapital Launches First Mutual Fund

PhaseCapital launched its first mutual fund offering, PhaseCapital Dynamic Multi-Asset Growth Fund (PHDIX).

The fund follows the firm’s existing strategy and primarily seeks to create long-term capital growth for advisors and their investors while at the same time providing protection for capital during periods of extreme market stress.

The PhaseCapital Dynamic Multi-Asset Growth Fund invests across global equity, commodities, government bond and corporate credit markets with its exposure to these assets achieved primarily through investments in financial futures, publicly-traded equity and fixed income securities.

Raymond James Launches Longevity Planning Resources For Financial Advisors

More on this topic

Raymond James launched a suite of longevity planning resources to help the firm’s 7,500 financial advisors guide clients through the challenges associated with longer retirements.

The resources include new and existing applications as well as select business relationships – such as the Raymond James Goal Planning & Monitoring tool, which is a sophisticated software program that shows the full financial picture, taking into account specific goals, investment strategy, risk tolerance, spending and saving rates.

Other resources in the suite include PinnacleCare, a concierge health advisory service that helps individuals manage complex healthcare episodes; EverSafe, which seeks to protect clients from financial fraud and identity theft by using a proprietary algorithm to monitor accounts and credit reports; and Everplans, which is secure digital platform that allows clients to store information – from a will to a family recipe – and end-of-life wishes in a secure online database.

Raymond James will expand the suite of resources and business relationships as client and advisor needs evolve. The Retirement Solutions group developed this offering based on insights and feedback from a group of 40 financial advisors who comprise the Retirement Solutions Advisory Board.

State of California Launches New Bond Investor Platform Powered by BondLink

The State of California partnered with BondLink to launch a new, dedicated investor platform to provide additional transparency to bond investors. The new website, which can be found at, is part of the state’s enhanced disclosure efforts.

The website consolidates the state’s credit data and documents that are important to bond investors and rating agencies, providing quick and easy access to extensive financial information.

This new tool is a free and open resource that provides a seamless online experience for both large institutional investors as well as smaller local bond investors including California residents.

Envestnet | Tamarac Introduces Mobile App for Its Client Portal

Envestnet | Tamarac introduced a mobile app for iPhone and Android users that provides convenient and secure  “on-the-go” access to the client portal on the Tamarac platform.

The mobile app will allow registered investment advisors (RIAs) to seamlessly share financial data and engage their clients on their iOS and Android mobile devices with a portfolio  dashboard, financial reports, net worth updates, budgeting tools (coming later in 2018), and files in the document-vault storage system.

The mobile app accesses all the existing client portal settings and preferences that the advisor already set up for each client. Clients simply download the mobile app, log in with their same client portal credentials and get instant access to an optimized mobile experience of their portal.

The mobile app offers dual-factor authentication as well as Face ID facial recognition security on the iPhone version.

Tamarac offers two versions of the mobile app: standard or premium. The standard app, called WealthView, uses Tamarac-branded images and naming and is free to RIAs and their clients. The premium app allows advisors to customize the app to reflect their firm’s brand, including logo and name.

Financial Independence Group Partners with RetireUp

Financial Independence Group (FIG) partnered with RetireUp to use its proprietary platform RetireUp Pro, an end-to-end retirement income planning solution.

FIG advisors will now have access to RetireUp Pro’s real-time modeling software which simplifies complex data and instantly illustrates a client’s income risks – building a personalized income plan in 30 minutes or less.

FIG already started integrating the technology into the many practices within their advisor network.

ISS Announces Launch of ‘Environmental & Social QualityScore’

Institutional Shareholder Services (ISS) launched the Environmental & Social QualityScore, a new component of ISS’ industry leading corporate profiling and scoring solution for institutional investors.

E&S QualityScore represents a data driven approach to measure the quality of corporate disclosures on environmental and social issues, including sustainability governance, and to identify key disclosure omissions.

The initial launch covers a set of 1,500 companies across industries viewed as being most exposed to E&S risks, including: energy, materials, capital goods, transportation, automobiles & components, and consumer durables & apparel. An additional 3,500 companies spanning 18 industries will be added later in 2018.

Underpinning the E&S QualityScore are more than 380 unique environmental and social factors under analysis of which at least 240 apply to each industry group. 

—Related on ThinkAdvisor:  FTSE Russell Launches Indexes Focusing on Women on Boards: Portfolio Products