LPL Financial Expands Model Wealth Portfolios Platform
LPL Financial has expanded its Model Wealth Portfolios (MWP) platform with two new offerings from LPL Financial Research and two managed alternative investment portfolios from Fortigent.
The new offerings from LPL Financial Research are the Quad-Core Balanced and Quad-Core Income portfolios. Quad Core is LPL's four-pronged methodology intended to provide a more diversified approach to portfolio management. The new income portfolio seeks to replicate or beat the performance of core bonds while generating more income, and the balanced portfolio seeks returns from a traditional 60/40 stock-bond mix with little or no sensitivity to rising interest rates.
The two portfolios from Fortigent-Alternative Strategies and Alternative Strategies Enhanced-aim to capture the performance of traditional equity/fixed-income portfolios but with lower volatility, reduced potential for loss of capital and lower correlation with other asset classes.
"The expansion of the MWP platform to include two new portfolios from LPL Financial Research, along with two alternative investment strategies from Fortigent, gives our advisors the tools to address an even wider range of client needs while accessing the diversification and risk-management benefits that come from non-correlated alternative strategies," says John Moninger, LPL Financial executive vice president of advisory and brokerage consulting services.
MFS Launches Equity Income Fund
Boston-based MFS Investment Management has launched MFS Equity Income Fund. The fund seeks to generate total return through current income and capital appreciation.
"With historically low rates on fixed-income securities and bank products-and with investors' concerns over inflation-income-producing equities take on an increasingly important role in a portfolio seeking to keep pace with or exceed inflation," says William Finnegan, senior managing director and head of Global Retail Marketing for MFS.
The majority of the fund's assets are invested in dividend-paying common stocks, but may also be invested in convertible securities and preferred stocks and REITs.
Phoenix Companies Launch eApp
Phoenix Companies' new digital platform, eApp, allows advisors to instantly submit annuity application forms through a secure Web portal. The platform offers accuracy controls to help ensure forms are filled out correctly by highlighting any fields that are not completed. The tablet-compatible application also pre-fills many required data fields based on information entered when an advisor initially meets with clients to discuss their needs and product costs.
To learn more about eApp, visit www.phoenixwm.com.
J.P. Morgan Introduces Re-enrollment Analyzer Tool
J.P. Morgan is offering a tool that shows 401(k) plan advisors, sponsors and participants how choosing target-date funds or other investment options affects the amount participants may accumulate for retirement. The Re-enrollment Analyzer tool can help plan sponsors increase participation rates when they make changes to their 401(k) plan.