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Portfolio > Portfolio Construction

Betterment for Advisors Integrates With Redtail, Wealthbox: Portfolio Products

By Emily Zulz

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Betterment for Advisors launched two new integrations with the popular CRM platforms Wealthbox and Redtail Technology.

“These integrations are part of Betterment for Advisors’ recent efforts to help advisors grow their businesses,” Alex Benke, head of product for Betterment for Advisors, said in a statement.

Betterment aims to improve advisors’ workflows through integrations with tools that they use every day, like CRM software. This is Betterment for Advisors’ first CRM integration.

“CRM software is a critical tool in the modern advisory practice, and having more client data at their fingertips helps them deliver a better experience to more clients. I’m excited to be partnering with Wealthbox and Redtail, two of the most requested integrations,” Benke said in a statement.

Before these integrations, advisors would have to log into Betterment for Advisors and manually look up their clients’ account info to find their balance, positions held, and other important information.

Now, advisors who use either tool will be able to see their Betterment for Advisors client accounts and balances in the CRM tool.

Additionally, Wealthbox users will also be able to see recent transactions and even realized and unrealized tax lots.

J.P. Morgan Adds 2 ETFs to BetaBuilders Suite

J.P. Morgan Asset Management launched two new exchange-traded funds: JPMorgan BetaBuilders U.S. Equity ETF (BBUS) and JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF (BBSA).

The JPMorgan BetaBuilders U.S. Equity ETF is constructed to offer large- and mid-cap U.S. equity exposure, similar to other widely used market cap indexes in the space, seeking investment results that closely correspond to the Morningstar US Target Market Exposure Index. The fund will be offered at a total cost of 2 basis points.

The JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF, which has a total cost of 5 basis points, offers clients a unique core fixed income building block providing explicit exposure to short duration fixed income. The fund seeks investment results that closely correspond to the performance of the Bloomberg Barclays Short-Term U.S. Aggregate Bond Index.

Both ETFs now list on the Cboe.

J.P. Morgan’s BetaBuilders ETF suite is designed to offer clients efficient access to market cap weighted building blocks that are simple, straightforward and priced for today’s market. The suite has seven ETFs with the addition of BBUS and BBSA, providing exposure to the United States, Japan, Canada, Europe, Developed Asia Ex Japan, U.S. REITs and short duration fixed income.

Xena Exchange Launches Leveraged Derivative Contract on GRAM

The Xena Exchange platform for digital assets trading launched what it’s calling the first-ever leveraged cryptocurrency-settled derivative contract for the GRAM token.

This is a significant step towards the liquidity of GRAM, as Telegram TON project investors will be able to trade the derivative contracts before the GRAM tokens are actually issued, according to Xena Exchange.

The launch provides people with the opportunity to invest in cryptocurrency through contracts and aims to attract institutional and traditional investors, generating cash flows into the crypto market, increasing the trading volume, and lowering volatility.

Xena Exchange issues institutional-grade derivative contracts called Xena Listed Perpetuals, designed to focus on cryptocurrency market specifics. While allowing for high leverage (up to 100x), they utilize built-in mechanics to protect traders from sudden price swings and unnecessary liquidations.

Currently, Perpetuals make the settlement through Bitcoin, and later, the settlement of fiat currency will also become possible and the risk of Bitcoin/fiat currency volatility losses will be rendered null. Additionally, Perpetuals do not expire, which gives them an advantage toward futures, and they adopt the current spot price of the underlying asset or index.

Emily Zulz

@think_emilyz

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