Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Portfolio > Asset Managers

Crypto IRA Launched by Regal Assets: Portfolio Products

X
Your article was successfully shared with the contacts you provided.

Regal Assets, a company that helps investors add precious metals to their retirement portfolios, has now added Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ethereum Classic, Ripple and Dash to its growing product line. 

“Demand for cryptos in an IRA has reached unprecedented levels and finding a reputable and trustworthy company to purchase from is becoming a top priority for new investors,” Tyler Gallagher, CEO of Regal Assets, said in a statement.

“Our Crypto IRA service has been in the works for over a year as we took our time to develop a solid and seamless process,” Gallagher said. “We are now proud to offer both traditional gold and “digital gold” to retirement account holders all over the country.” 

Regal Assets was started in 2009 and is known for helping individual investors allocate part of their existing or previous retirement accounts into alternative assets without incurring any taxes or penalties.

Trust Company of America Expands ETF Offering

Trust Company of America has partnered with J.P. Morgan, KraneShares and Main Management to offer TCA advisors an additional 18 ETFs on its ETF Custody Advantage platform.

To help manage costs, TCA will provide a custody fee offset on all participating ETFs, automatically applied to assets held in the products on the trading platform.

The nine ETFs offered from J.P. Morgan will use a strategic beta approach. These funds aim to offer high risk-adjusted returns and sit at the intersection of passive and active strategies.

Additionally, KraneShares, a U.S. asset management firm known for its China-focused funds, will offer eight ETFs on the platform, and Main Management, a California-based RIA recognized for its ETF portfolio management has added a Sector Rotation ETF.

TCA’s ETF Custody Advantage launched back in April, with funds from Guggenheim Investments and Global X. TCA is actively working to increase its offering, and the expanded selection now provides advisors with a total of 74 ETFs, including asset classes such as domestic and international equity, bond, currency and commodities.

Hartford Funds Launches Its First NextShares Active ETF

Hartford Funds launched Hartford Global Impact NextShares Fund (HFGIC), the firm’s first NextShares product.

The fund seeks long-term capital appreciation by investing in companies throughout the world that Hartford believes are likely to address major social and environmental challenges.

It will invest in companies that focus their operations in areas that address themes including sustainable agriculture and nutrition, health, clean water and sanitation, affordable housing, education and training, financial inclusion, narrowing the digital divide, alternative energy, resource stewardship and efficiency.

NextShares are exchange-traded managed funds, offering investors a way to tap into actively managed strategies with the potential cost and tax advantages that ETFs provide while helping active managers shield their strategies from copycats more than a typical ETF would.

ARK Investment Management Launches The ARK Israel Innovative Technology ETF
ARK Investment Management LLC launched the ARK Israel Innovative Technology ETF (IZRL), primarily listed on the Cboe ETF Marketplace. 

The ARK Israel Innovative Technology ETF (IZRL) is designed to provide exposure to, and capture the price movements of, exchange-listed Israeli companies whose main business operations are causing disruptive innovation in what ARK believes to be the highest growth potential segments of the economy: the internet, technology, genomics, health care, biotechnology, industrials and manufacturing.

With an annual expense ratio of 0.49%, IZRL will charge at least 18.6% below the current U.S.-listed Israel-focused ETFs (which range from 0.59% to 0.75% annually). IZRL spans the full market capitalization spectrum, and will rebalance quarterly, tracking the ARK Israeli Innovation Index (Bloomberg: IZRLINVN).

American Portfolios Launches Tech Platform for Advisors, Office Support and End Clients

American Portfolios Financial Services Inc. launched its proprietary technology platform, HomePort, which was designed for its affiliated investment professionals and their clients, as well as the firm’s home office staff.

The platform features a diverse interface that includes every tool that investment professionals need to run their practice and manage their clients’ accounts, including, but not limited to, compliance, fixed income, general securities, insurance and product resources, as well as advisor-generated proposal reporting capabilities.

The HomePort environment is tailored to each user’s needs through single sign-on access (SSO), providing them with a streamlined user experience.

HomePort’s architecture brings together all of AP’s proprietary technology — including STARS, the firm’s main operations system through which all business and transactions are entered and recorded, and Portfolio Insight, the firm’s custom-built advisory technology platform — as well as vendor-licensed programs and services, such as Albridge Wealth Reporting; NetX360, Pershing’s digitally enabled wealth management platform; and CommWeb, a sales management software and performance measurement system through Xtiva Financial Systems. 

Oppenheimer Asset Management Integrates With Redi2 Fee-Billing Provider 

Redi2 Technologies has integrated with Oppenheimer Asset Management, an affiliate of Oppenheimer & Co.

This collaboration will provide enhanced functionality and improved efficiency in the billing and payout processes, resulting in a superior user experience for the Oppenheimer advisory community.  

Redi2’s Wealth Manager Enterprise platform is architected to allow clients to define fee calculation at both the account and sleeve level and to aggregate those fees across various levels of the firm’s book of business. By calculating these fees discretely, firms can provide their clients the transparency required in today’s financial regulatory environment.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.