New products introduced over the last week include a new turnkey offering from Genworth Wealth Management; lower fees on 18 Vanguard funds; a new suite of four model portfolios from a teamup of Jefferson National and Braver Capital Management; and a new fixed indexed annuity from Allianz Life.
In addition, Credit Suisse announced a new ETN linked to covered calls on gold shares; WisdomTree launched a new actively managed corporate bond ETF; Russell introduced a new series of indexes; and Jemstep launched an online portfolio manager.
Here are the latest developments of interest to advisors:
1) Genworth Wealth Management Introduces New Turnkey Offering
Genworth Financial Wealth Management, a subsidiary of Genworth Financial, announced Thursday the introduction of GPS Select Solutions, a suite of solutions consisting of portfolios that incorporate the strategies of multiple portfolio strategists within single accounts. The portfolios offer financial advisors on the Genworth Wealth Management platform new ways to help clients.
Advisors can use GPS Select Solutions’ diversified, multistrategist portfolios to provide either a comprehensive investment solution directed at a broad goal, or a targeted complement to other holdings. GPS Select Solutions feature seven new portfolios that align with client goals: GPS Select Accumulation; GPS Select Accumulation Plus; GPS Select Retirement Income; GPS Select Wealth Preservation; GPS Select Low Volatility; GPS Select Multi Asset Income; and GPS Select Tactical Advantage.
2) Fees Drop on 18 Vanguard Funds
Vanguard said Monday that 18 of 28 funds had slightly lower expense ratios, according to the latest reports shared with investors this month. Of the other 10 funds, the fees of eight remained unchanged, while two had small increases.
(The popular fund family released the figures for Admiral and Investor shares, as well as for Institutional and Institutional Plus shares.)
For instance, 11 target-date retirement funds (2010-2055) had a 0.01% decrease in expenses. The fee ratio on the Target Retirement 2030 Fund dropped from 0.18% to 0.17%.
Read the full story on AdvisorOne.
3) Jefferson National, Braver Capital Management Launch New Portfolio Suite
Jefferson National announced Wednesday that it has launched four new tactically managed model portfolios with Braver Capital Management. Models available include Braver Tactical Balanced, Braver Tactical Core Bond, Braver Tactical Opportunity and Braver Tactical Sector Rotation.
Braver’s tactical models use quantitative algorithms applied to asset class price movement to identify trends in numerous asset classes and the broad market, while employing specific stop loss and position size limits for additional risk control. They are completely transparent, with no swaps, no leverage and no derivatives.
4) Allianz Life Launches New FIA: Allianz 222 Annuity
Allianz Life Insurance Co. of North America recently announced the launch of the Allianz 222SM annuity, a new fixed indexed annuity (FIA) available exclusively to field marketing organizations, broker-dealers and agents associated with the Allianz Preferred platform and currently available in 44 states.