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Portfolio > Portfolio Construction

Wells Fargo Announces New Retirement Income Planning Center: Portfolio Products

By Emily Zulz

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Wells Fargo Institutional Retirement and Trust announced a new Retirement Income Planning Center, an online resource for the plans that the unit administers to help investors over 50 with key issues to consider as they near retirement.

“Too often, people delay retirement planning until just a few years or even months before leaving the workforce,” said Jon Graff, Wells Fargo Institutional Retirement and Trust director of participant services. “When you start that late, retirement experts often find there is little to be done to impact your outcome. But if you start at age 50 or 55, you have 10 to 15 years to change your expected outcomes.”

The Retirement Income Planning Center provides resources to help create a retirement budget and income plan, two essentials for determining whether one is “on track” for retirement. It also features videos of retiree experiences and tools to help visitors envision what retirement might look like, meeting the need many have to visualize themselves in retirement and better define what retirement means.

Wells Fargo Institutional Retirement and Trust has also developed Retirement Income Conversations, a service that supports participants wanting to have conversations about their retirement.

Through targeted messaging to individuals whose employers offer a Wells Fargo-administered retirement plan, the firm encourages people to call a dedicated toll-free number and talk to a trained representative about retirement income. In addition, onsite meeting presenters are trained to hold these conversations in person at those companies.

Since introducing these tools and services, Wells Fargo Institutional Retirement and Trust has conducted nearly 1,000 conversations in just a few weeks, the firm said. Many callers had already accessed the Retirement Income Planning Center content and had more detailed questions for Wells Fargo Institutional Retirement and Trust’s representatives.

Natixis and Loomis Sayles Launch New Index Offering a Stable Risk Profile

Natixis entered into a licensing agreement with Loomis, Sayles & Co., an affiliate of Natixis Investment Managers, to launch the Loomis Sayles Asset Selector Equity Rotation Index (LASER).

The index, whose launch marks Loomis Sayles’ entry into the multi-asset custom index space, is designed to provide a stable risk profile through market cycles by offering dynamic rebalancing between momentum equity, value equity, and fixed income allocations, while targeting volatility levels of 6%.

LASER was designed specifically to provide a dynamic rebalancing and rules-based exposure to U.S. equities and fixed income, according to Loomis Sayles.

LASER is an excess return index and is calculated in U.S. dollars.

Direxion Launches 4 Leveraged, Inverse ETFs to Reflect GICS Sector Updates

Direxion added four ETFs to its Daily Leveraged and Inverse Sector exchange-traded fund lineup, reflecting recent Global Industry Classification Standard (GICS) sector changes.

Under the new GICS structure, the telecommunication services sector expanded to include telecommunication companies, and select companies from the consumer discretionary and information technology sectors, and was renamed communication services.

These new ETFs from Direxion offer exposure to the existing consumer staples sector and to the Consumer Discretionary sector, updated by S&P Dow Jones in September.

  • The Direxion Daily Consumer Discretionary Bull 3X Shares ETF (WANT) tracks the Consumer Discretionary Select Sector Index and has a net expense ratio of 1.01%.
  • The Direxion Daily Consumer Discretionary Bear 3X Shares ETF (PASS) tracks the Consumer Discretionary Select Sector Index and has a net expense ratio of 0.97%.
  • The  Direxion Daily Consumer Staples Bull 3X Shares ETF (NEED) tracks the Consumer Staples Select Sector Index and has a net expense ratio of 1.01%.
  • The Direxion Daily Consumer Staples Bear 3X Shares ETF (LACK) tracks the Consumer Staples Select Sector Index and has a net expense ratio of 0.97%.

Consumer discretionary, which no longer includes media and entertainment companies, continues to primarily offer exposure to retailers, including Amazon and Home Depot.

Consumer staples, on the other hand, retains a greater orientation toward value stocks with exposure to companies considered to be more essential to daily living, such as Procter & Gamble and Coca-Cola.

Like all leveraged and inverse ETFs, these Direxion products are intended only for investors with an in-depth understanding of the risks associated with seeking leveraged and inverse investment results, and who plan to actively monitor and manage their positions. There is no guarantee that the funds will meet their objective.

Touchstone Investments Launches 2 ‘Anti-Benchmark’ Funds

Touchstone Investments launched two new funds: Touchstone Anti-Benchmark US Core Equity Fund and Touchstone Anti-Benchmark International Core Equity Fund

TOBAM is subadvisor to both funds, each of which seeks capital appreciation as its objective.

The Touchstone Anti-Benchmark US Core Equity Fund invests in approximately 70 to 100 securities in TOBAM’s proprietary Anti-Benchmark US Core Equity Index. The Touchstone Anti-Benchmark International Core Equity Fund invests in approximately 100 to 150 securities in TOBAM’s proprietary Anti–Benchmark International Core Equity Index.

TOBAM’s methodology seeks to enhance diversification and improve risk-adjusted returns of portfolios. TOBAM’s Anti-Benchmark strategy is designed to avoid bias in portfolio construction that can ultimately lead to large risk concentrations within sectors, factors or individual securities. This facilitates the creation of portfolios that seek to mitigate the inherent concentration risks associated with capitalization-weighted benchmarks (e.g., S&P 500 Index).

Touchstone also entered into a marketing services agreement to distribute TOBAM Anti-Benchmark strategies in the United States with select intermediaries.

Advisors Asset Management Launches Third ETF for Income Investors

Advisors Asset Management launched its third ETF, the S&P Developed Markets High Dividend Value ETF (DMDV).

DMDV targets attractively valued developed international mid- and large-cap stocks that exhibit both a high dividend yield and sustainable dividend distribution characteristics.

At the core of this solution is the S&P Dividend and Free Cash Flow Yield Index series, which is designed to balance current cash flow with future capital growth. To accomplish this, the underlying index series focuses on two key valuation indicators to identify sustainable dividend-paying stocks offering fundamental value: dividend yield and free cash flow yield.

DMDV, which has an expense ratio of 0.39%, is the most recent addition to Advisors Asset Management’s high dividend value ETF suite which already includes the S&P 500 High Dividend Value ETF (SPDV) and the S&P Emerging Markets High Dividend Value ETF (EEMD), which focus on income with a value tilt, and seek to help investors meet their current cash flow and future capital appreciation goals.

TCA by E-Trade Launches Account Aggregation Tool for Advisors

TCA by E-Trade launched a new account aggregation tool called CompleteView.

The tool gathers data from across a client’s financial accounts, including custodial accounts, helping advisors enhance their practice by providing a comprehensive view of client assets.

CompleteView is accessible through the Liberty platform, TCA by E-Trade’s advanced digital custody platform, and available for no additional cost to advisors.

With CompleteView, clients can easily connect their outside accounts, including checking accounts, credit cards, 401(k)s, and more, with access to more than 14,000 financial institutions through the Liberty platform.

CompleteView delivers deep insights into a client’s financial picture, helping advisors give guidance tailored to their clients’needs. These clients can also easily monitor their own account to help them make informed financial decisions.

The fully integrated account aggregation tool helps streamline back-office operations by removing the need to gather and track outside account information. In turn, this gives advisors more time to spend with their clients and foster deeper relationships.

—Read the last portfolio product roundup here: Russell Investments Delivers New Income Strategies via Envestnet: Portfolio Products

Emily Zulz

@think_emilyz

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