Nuveen Now Offering Access To U.S. Middle Market Private Capital Investments
Nuveen, the Chicago-based investment manager of New York City-based TIAA, and Churchill Asset Management, an investment-specialist affiliate of Nuveen headquartered in New York City, are now providing qualified individual investors with access to private capital investments across the U.S. middle market, investments that have typically been available only to institutional investors.
The Nuveen Churchill Private Capital Income Fund (PCAP) is a perpetual life, non-traded investment vehicle that offers exposure to a diversified portfolio anchored in middle-market senior loans and junior capital—an asset class well-positioned in an inflationary and rising rate environment, according to Nuveen—while seeking to provide attractive upside through private equity co-investments.
The fund provides investors with upside potential and exposure to a hard-to-tap asset class. It also gives them access to other advantages that include monthly subscriptions, quarterly repurchases, relatively low minimums and simplified 1099 tax reporting.
Kwanti Releases Feature To ID Best-Performing Assets
Kwanti, the San Francisco-based portfolio analytics solution for financial advisors and investment managers, now includes a screener feature to find the best-performing investment opportunities for clients.
With just a few clicks, advisors can view a filtered list of the best-performing exchange-traded funds, mutual funds, separately managed accounts, and individual stocks via Kwanti’s intuitive, user-friendly interface, which includes hundreds of thousands of securities and their data points.
The new screening feature lets advisors showcase their portfolio recommendations to clients and prospects, as well as integrate data with custodians and portfolio management platforms (the integration partners include Pershing, Schwab, TD Ameritrade Institutional, Fidelity, Advyzon, Orion, Redtail, Black Diamond, WisdomTree, BlackRock, State Street, Riskalyze, TradePMR, Addepar, and Folio Institutional).
A “saved searches” option will remember all of the pre-selected criteria, column selections, and sorting preferences, and the filtered results can be exported to an Excel spreadsheet. To sign up for a free 30-day trial, go to app.kwanti.com/trial.
Equitable Expands Portfolio In Variable Universal Life Market
Equitable, a New York City-based financial services company, has unveiled an enhanced version of its Market Stabilizer Option for its single life variable universal life products. Such options offer a rate of return linked to the performance of an index.
The new offering, the Market Stabilizer Option II (MSO II), offers five buffered indexed options: the “Standard” option has a negative 10% protection buffer and offers the highest growth cap rate of the five MSO II options. There is also a Standard option with a negative 15% protection buffer, which provides a balance of upside potential and downside protection, and a Standard option with a negative 20% protection buffer, which provides the largest downside protection of the five options. The “Step Up” option has a negative 10% protection buffer, offering potential for a higher return than the index with a return that “steps up” to a cap when the market is either flat or up. And the “Dual Direction” option has a negative 10% protection buffer, which provides the possibility of a positive return when the index is down.
Policyowners have more than 80 investments options to select from based on their investment style.
MSO II is available on all single life variable universal life (VUL) products issued by Equitable Financial Life Insurance Company and Equitable Financial Life Insurance Company of America.
Timothy Plan Adds ETF To Investment Offerings
Timothy Partners Ltd., the Orlando, Fla.-based advisor to the Timothy Plan family of mutual funds and exchange-traded funds, has added a seventh ETF for its lineup of funds investing according to biblical principles.
The Timothy Plan Market Neutral ETF (TPMN) seeks to limit exposure to stock market risk through a proprietary “market neutral” investment strategy that generates high current income with low correlation to the foreign and domestic equity and bond markets.
Timothy Plan’s ETFs do not invest in companies involved with alcohol production, tobacco, gambling equipment, gambling enterprises, companies directly or indirectly involved in abortion or pornography, or companies promoting anti-family entertainment or non-biblical lifestyles.
The market neutral fund’s sub-advisor is Victory Capital Management Inc.
Commonwealth And Booth School Of Business Partner To Offer CPWA Certification
Commonwealth Financial Network has partnered with the Investments & Wealth Institute and the University of Chicago’s Booth School of Business to offer Commonwealth’s affiliated advisors the Certified Private Wealth Advisor certification.
The program, offered with the partnership of the Chicago Booth’s executive education program, equips advisors with the tools and strategies to strengthen their expertise and support more high-net-worth clients and help them with their complex needs.
The program includes an in-person, weeklong course taught by faculty and industry experts at Chicago Booth. Commonwealth will continue supporting credentialed advisors with a one-year business development extension and ongoing education and coaching.