Fidelity Expands Model Portfolio Suite
Fidelity Institutional, the Boston-based division of Fidelity Investments, has expanded its model portfolio suite with the addition of Fidelity Target Allocation Tax-Aware Model Portfolios, which include nine equity and fixed-income mixes, each versioned for I and Z share classes.
The model portfolios are now available through Fidelity’s managed account platform, Fidelity Managed Account Xchange (FMAX), and the Envestnet platform.
Using a blend of actively managed funds from Fidelity and exchange-traded funds (ETFs) from other asset managers, these new target allocation tax-aware model portfolios are designed to enhance total return through fund selection, while also helping reduce the impact of taxes on returns. They include equity to fixed-income mixes of 10/90; 20/80; 30/70; 40/60; 50/50; 60/40; 70/30; 85/15; and 100/0.
Fidelity is also introducing Fidelity Model Portfolios with separately managed accounts that include five equity and fixed income mixes of 20/80; 40/60; 60/40; 70/30; and 85/15, each versioned for I and Z share classes. These portfolios combine a blend of mutual funds, ETFs and separately managed accounts from Fidelity and other assets managers to provide enhanced risk-adjusted total return across the risk spectrum.
Fidelity is furthermore debuting the Fidelity Tax-Aware Model Portfolios with separately managed accounts, which includes five equity and fixed income mixes of 20/80; 40/60; 60/40; 70/30; and 85/15, each versioned for I and Z share classes. The model portfolios use a blend of mutual funds, ETFs and separately managed accounts from Fidelity and other asset managers, including municipal bond investments to help reduce the impact of taxes on returns.
The model portfolios are also integrated into the Wealthscape Modeling & Rebalancing tool, making it simpler for advisors to view, customize and allocate to the portfolios. The portfolios are available to broker-dealers, registered investment advisors, banks, and insurance companies. For more information, visit go.fidelity.com/models.
Transamerica, FuturePlan And Natixis Unveil ESG Group Plan Solution
Transamerica, a financial services company headquartered in Cedar Rapids, Iowa, has partnered with FuturePlan by Ascensus, (a third-party administrator), Natixis Investment Managers and LeafHouse Financial Advisors to launch the first target-date fund series driven by environmental, social and governance investing principles.
The Sustainable Futures ESG Group Plan Solution makes retirement plan sponsorship easier for employers by reducing time-consuming administrative burdens and mitigating fiduciary risk.
The solution offers a broad spectrum of investment choices, including the industry’s first ESG-driven target-date series, Natixis Sustainable Future Funds, which launched in 2017.
The offering is open to both existing and startup 401(k) plans, and it provides guided onboarding and enrollment support, as well as ongoing service from a dedicated FuturePlan team with integration into Transamerica’s record-keeping system.
To learn more, employers and financial professionals should contact FuturePlan at (866) 929-2525 or by visiting [email protected].
Capital First Develops Special Needs Trust Guide For Clients
People ask many questions about special needs trusts, which are designed to help people with disabilities or chronic illness receive income without hurting their eligibility for government benefits. Capital First Trust Company, a special needs trust administrator headquartered in Milwaukee, has developed a guide to assist clients in understanding how these trusts can protect them, in addition to answering frequently asked questions about distributions.
Capital First works with clients who receive personal injury settlements and inherited special needs trusts. If clients are eligible for needs-based government benefits, such as Medicaid and Supplemental Security Income (SSI), a special needs trust can help protect those benefits.
Access to the digital version of the guide is available in the “Brochures” section of the Capital First Trust website. A physical copy can be requested via email at [email protected]. Both the digital and hard copies of the guide are free of charge.
DPL Launches Advisor Ed Platform
DPL Financial Partners, headquartered in Louisville, Ky., has launched DPL University (DPLU), its new educational platform for registered investment advisors.
Designed to assist DPL members with the implementation of commission-free solutions, the platform offers both self-guided and curriculum-based learning paths for RIAs. Advisors will have access to exclusive, curated content from DPL’s most popular webinars and events, as well as insights from leading retirement academics.
With its adaptable design, DPLU gives advisors the freedom to choose their own learning path or to follow a prescribed set of courses for a particular topic of interest. Upon completion of a course, advisors take a short quiz to ensure they understand its content, and they are able to enroll in additional courses free of charge. Advisors are also eligible to earn CE credits for successful course completion.
For further information, visit the DPL website at www.dplfp.com/dpl-university.