National Financial To Introduce Managed Account Platform
National Financial will offer correspondent broker-dealers and their investment representatives a unified managed account platform integrated with its Streetscape brokerage platform.
National Financial, a Fidelity Investments company based in Boston, in April announced that it formed a strategic relationship with Chicago-based Envestnet Asset Management Inc., an independent turnkey asset management platform provider, to provide an integrated platform allowing users to focus on acquisition and management of high-net-worth clients by targeting the rapidly growing managed account market. The platform is expected to be available by fall of this year.
Broker-dealers will have access to a comprehensive menu of integrated investment advisory programs, from multimanager and separate account programs to a mutual fund wrap program submanaged by Fidelity s Strategic Advisers Inc., which has $70.6 billion under management. This is the first time that Strategic Adviser s wrap program will be available to the institutional marketplace.
Each investment advisory program will be delivered through National Financial s Unified Managed Account platform and feature integrated client profiling, portfolio diagnostic and proposal tools, consolidated reporting and model management capabilities.
An unbundled Separate Account Supermarket will give broker-dealers the flexibility to create their own proprietary separate account programs.
For more information visit

401(k) Provider Gives Advisors New Way To Serve Clients
Employee Fiduciary has launched a new 401(k) service for advisors, offering full-service 401(k) administration and access to any mutual fund from any fund family at what may be the lowest cost in the industry.
The company charges $25 per eligible employee per year, regardless of funds selected, and offsets these fees by forwarding any revenue sharing or sub-TAs it receives to plan sponsors. Sponsors can use these offsets to reduce, or in many cases eliminate, plan costs, or distribute proceeds to plan participants.
Employee Fiduciary services plans of all sizes and does not charge surrender charges or any asset-based fees. Advisors are invited to call Employee Fiduciary toll-free at (877) 401-5100 to learn more.

Invesmart Announces Program For RIAs
Invesmart Inc., a national retirement financial services firm, is offering its next-generation Defined Contribution (DC) Plan, RightPath, through registered investment advisors (RIAs) and other fee-based financial intermediaries.
RightPath offers retirement plan participants convenient access to savings planning and investment management that s integrated within the DC sign-up process, and the option to delegate management of their account to investment advisors acting in a fiduciary capacity. For more information, visit Invesmart‚s Web site at

New Software Version Released
LightPort Inc. has released WealthVue 2.0, its next-generation online solution for Web-based reporting.
WealthVue allows advisors to efficiently deliver interactive portfolio data to their clients via a secure Web-based reporting portal. Clients and their designated representatives are then able to manipulate and customize their data. Clients may also export their data to Excel, CSV or XML so that it can be incorporated into spreadsheets or other financial applications.
LightPort is a privately held company based in Palm Harbor, Fla. For more information visit

Delaware Investments Adds Five Growth Fund Managers
  Investments has hired five large-cap growth equity investment managers for its San Francisco office.
Jeffrey S. Van Harte, most recently a principal and executive vice president at Transamerica Investment Management LLC, will manage Philadelphia-based Delaware Investments large-cap team. Joining him will be Christopher J. Bonavico, Daniel J. Prislin, Kenneth F. Broad and Lisa L. Hansen, all former Transamerica principals.

Princor Chooses Albridge Web-Based Reporting Application
Princor Financial Services Corp. has selected Albridge Solutions‚ Web-based wealth reporting application for its registered representatives.
Princor, a member of Principal Financial Group, will also be utilizing Albridge s Web Services platform and its Replicated Data Services.