Northwestern Mutual Launches 'Signature' Portfolio Models for Young Investors
The new line offers five varieties based on investors' risk tolerance, ranging from conservative to very aggressive.
Northwestern Mutual announced the expansion of its professionally managed investment offerings this week with the launch of a new line of model portfolios designed to provide greater access to advised solutions for younger and less affluent investors.
The models, called the “Signature Portfolios Market Pathway,” require a minimum investment of $5,000, according to the firm’s announcement. The initiative is designed to take a “straightforward approach to investing” using low-cost, broad-market exchange-traded funds that offer exposure across Northwestern Mutual Wealth Management’s strategic asset classes.
Why it matters: The firm hopes to to allow advisors to create investing opportunities for younger clients who want to set and pursue financial planning goals in collaboration with a financial professional.
What to know: The models come in five varieties based on the investor’s risk tolerance, ranging from conservative to very aggressive.
What they’re saying: Jeb Bentley, president and CEO of Northwestern Mutual Wealth Management Co., said the new line should help advisors meet the individual needs and goals of investors across the spectrum — especially younger clients looking to begin a relationship with a financial professional.
“We are keenly focused on supporting the next generation of investors and are proud to offer a new way for our advisors to help them build wealth and greater financial security,” Bentley said.
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