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Portfolio > Portfolio Construction

RBC Gives HNW Clients Access to New Digital Alts Platform: Portfolio Products

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RBC Wealth Management-U.S. launched a new digital alternative investment platform for high-net-worth clients.

The cloud-based investment platform, which was developed in partnership with Artivest, gives financial advisors and their clients access to leading private equity and hedge funds across sectors, stages and styles. The platform also provides a streamlined process to complete the investment subscription process making it easier to bring alternatives into investors’ portfolios.

“In today’s volatile, yet innovative, global markets, alternative investments play an important role in building successful and diversified portfolios for high-net-worth investors,” said Bryan Mullin, head of alternative investments at RBC Wealth Management – U.S. “Through this new platform, our financial advisors have access to an even wider array of solutions to help meet the investment objectives and goals of their qualified clients.”

Alternative investments have historically been difficult for financial advisors to offer to qualified clients for three primary reasons: high investment minimums; a tedious, paper-intensive subscription process; and nontransparent, inaccessible fund data. RBC Wealth Management says it entered into this arrangement with Artivest to address these barriers, bringing the benefits of alternatives to high-net-worth individuals with a streamlined, online subscription process and accessible fund information and analytics.

Since launching the alternative investments platform, RBC Wealth Management says it has processed four timesas many investments as before the platform’s launch, with no increases in their operations staff or expenses.

MassMutual Introduces New Target Date Fund Family

MassMutual launched a new target date fund family that aims to help reduce market volatility for retirement plan savers when they are most vulnerable to market losses: just before and right after retirement.

The new TDF is subadvised by a Legg Mason-affiliated manager, QS Investors LLC.

The Legg Mason Total Advantage Funds is a series of bank-maintained collective investment funds that are available through MassMutual 401(k)s and other defined contribution retirement plans.

The funds incorporate both active and passive investment management strategies by investing in underlying funds that are managed by 16 different managers. A stable value investment component is a key part of the strategy to help retirement savers manage market volatility.

The Legg Mason Total Advantage Funds employ a glide path, which allows for a gradual adjustment of the asset allocation to reduce exposure to equities as savers approach retirement, shifting from an equity weight as high as 97% for those with 30 or more years until retirement to as low as 34% for those who are retired.

Weightings for stable value and other fixed investments increase proportionately. The actual ratio of the weighting between equities and fixed income is calibrated according to the target retirement year.

Vestmark Launches Model Trading Service

Vestmark announced the launch of its Model Trading Service (MTS), which offers model management, trading, rebalancing and account administration outsourcing for broker-dealers, RIAs, banks and their advisors.

Offered through Vestmark Advisory Solutions, the MTS drives productivity and efficiency of trading home-office created, third-party and advisor-defined models, as single sleeve accounts (SMAs) as well as multi-sleeve, unified managed accounts (UMAs).

According to Vestmark, this service handles the burden of maintaining client portfolios in line with their respective investment models and allocation targets set by the advisor.

By leveraging the VestmarkONE Portfolio Management platform and its flexible “model building block” technology, the Vestmark MTS provides sophisticated account implementation without the overhead associated with in-house trading, rebalancing, tax management and ongoing account administration.

The Vestmark Model Trading Service can support all discretionary advisory programs including MF/ETF Wrap, SMA, UMA, Rep as PM and Rep as Advisor. It can also support equity, mutual funds and ETFs and can support fixed income via third-party managers available on the Vestmark Model Marketplace.

The MTS can trade models from any firm-approved source including internal product teams, third-party managers and strategists, financial advisors — or any of the 500 models from 120 managers on Vestmark Model Marketplace.

LifeYield’s Taxficient Score Selected for Inclusion in LPL’s Vendor Affinity Program

LifeYield’s Taxficient Score has been selected for inclusion in LPL Financial’s Vendor Affinity Program.

LifeYield’s Taxficient Score offers an easy way to explain the value of tax-smart household portfolio management. Similar to a credit score, the Taxficient Score assesses the tax efficiency of a client’s accounts on a scale of zero to 100 — the higher the score, the better-positioned an investor is to minimize taxes and make and keep more money, as well as achieve retirement goals.

In addition, it enables advisors to coordinate and aggregate all accounts in one place to provide a holistic view of an investor’s portfolio.

LPL’s Vendor Affinity Program is designed to help advisors reduce the complexity and costs of running their businesses. The program consists of a centralized repository of vendors that have agreed to provide their products and services to LPL advisors at discounted prices. Vendors are selected based on advisor experience and their ease of doing business with LPL advisors and have met certain security and compliance requirements.

iPipeline Launches AlphaTrust e-Sign for Life Insurance and Financial Services

iPipeline — a provider of cloud-based software solutions for the life insurance and financial services industry — announced the launch of AlphaTrust e-Sign.

AlphaTrust e-Sign is an electronic signature solution that integrates with existing applications, enabling high-volume document process automation.


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