Displaying items by tag: portfolio management

LPL Financial recently announced that it has appointed Garrett Fish as Senior Vice President and head of Model Portfolio Management to the firm’s investment research team. In this new role, Fish will lead LPL’s investment model portfolio function, leveraging his years of active portfolio management experience to guide the firm’s model management, which includes directing the investment process and communicating with advisors. Fish will also sit on the firm’s Strategic & Tactical Asset Allocation Committee, a body responsible for the multi-asset, capital market view of LPL. He comes to LPL from J.P. Morgan Asset Management, where he spent nearly two decades as an industry-recognized fund manager leading a variety of investment vehicles for institutional and wealth management. He has managed against large-cap equity, multi-asset, and sustainable mandates during his career. LPL’s Chief Investment Officer Marc Zabicki, had this to say as part of the announcement. “Garrett’s extensive active portfolio management experience, including his international purview, will deepen our investment model management capabilities for the benefit of LPL advisors and their clients. As he joins LPL’s seasoned team of research professionals, his background and experience will also be brought to bear across our entire organization as we work collectively to provide the expertise, rigorous analysis, and valued insights on which advisors and their clients can rely.”

Finsum:LPL bolstered its research team with the appointment of Garrett Fish as Head of Model Portfolio Management.

Thornburg Investment Management recently introduced Thornburg Personal ESG Portfolios, a new separately managed account capability that can provide investors with the ability to emphasize ESG factors within their portfolios. The firm, which has $40 billion in client assets, said in a press release that “ESG is an organic extension of Thornburg's core investment competencies as a fundamental, bottom-up, active manager of global equities and global fixed income.” Thornburg will not outsource the ESG decisions. Instead, its analysts and portfolio managers will evaluate ESG information alongside other factors, grounded by materiality standards from the Sustainability Accounting Standards Board. The ESG Portfolios will be available through select financial advisory firms and platforms. As part of the announcement, Jason Brady, president & CEO of Thornburg investment management stated "We know that investing with ESG criteria can mean different things to different people. By addressing both these factors in Thornburg Personal ESG Portfolios, we seek to offer a unique opportunity for investors to personalize their portfolios to their ESG values."

Finsum:Investors will now have even more access to ESG-focused SMAs with the launch of the Thornburg Personal ESG Portfolios.

Altruist recently announced that it is adding unified managed accounts to its portfolio management capabilities. Altruist is a fintech company that offers a next-generation custodial solution built for independent financial advisors and their clients that combines software to manage a portfolio with and a powerful brokerage platform to invest. The new UMA capabilities will allow advisors to now mix and match models to create core-satellite or best-of-breed portfolios. The new feature will allow advisors to access third-party investment models from top asset managers through the firm’s Model Marketplace to create individual portfolios that meet clients’ investing goals. Advisors will also be able to include their own custom models as building blocks for client portfolios. The company launched its Model Marketplace in February 2021 featuring its own investment models, the Simplicity Series, as well as models from Vanguard and Dimensional Fund Advisors. Models from BlackRock, Redwood Investment Management, and State Street Global Advisors were added later on.

Finsum:Fintech firm Altruist announced the addition of UMAs to its model marketplace to allow advisors to mix and match models to create portfolios.

CrowdStreet Advisors, the in-house investment manager for the real estate investing platform CrowdStreet, recently announced plans to accelerate the development of private commercial real estate solutions for financial advisors. CrowdStreet Advisors provides access to private commercial real estate investments that had previously only been available to institutional investors. As of September 30th, the firm had $431 million in assets under management across separately managed accounts and more than 25 private funds. CrowdStreet REIT I (C-REIT), the firm's flagship fund, was recently launched and offers financial advisors a low-cost entry point for clients interested in private commercial real estate projects focused on growth and capital appreciation. C-REIT, which has so far raised $37 million, is available on custody platforms such as Fidelity, Schwab, Pershing, TD Ameritrade, and 17 self-directed IRA custodians. The accelerated expansion of these solutions is due to an increased need for client portfolio diversification and inflation protection.

Finsum: Due to increased demand for portfolio diversification, CrowdStreet Advisors is accelerating the development of private real estate solutions for financial advisors and their clients.

Innovator Capital Management recently launched its new Research & Investment Strategy hub containing model portfolios. The new site was built to provide advisors with a framework on how to construct portfolios with Defined Outcome ETFs. The site also provides market and economic data, and analysis and commentary with a focus on managing risk. Innovator’s Strategic Defined Outcome ETF Portfolios are designed to target varying levels of risk and return across the risk-reward spectrum. There will be five portfolios to start. This includes a Conservative model, a Balanced Alternative model, an All-World Hedged Equity model, a Controlled Growth model, and an Accelerated Growth. All the portfolios will consist of ETFs from Innovator’s Defined Outcome ETF lineup. The lineup, which has so far amassed over $8.8 billion in assets under management, includes Buffer ETFs, Accelerated & Stacker ETFs, and Floor ETFs. The Defined Outcome ETF portfolios will be free and rebalanced annually. An advisor can construct portfolios with custom allocations to specific Defined Outcome ETFs and then analyze the custom portfolio’s return and risk characteristics.

Finsum:Innovator Capital has launched a series of model portfolios allowing advisors to construct custom portfolios using the firm’s Defined Outcome ETFs.