Mutuals.com is in talks with additional fund distribution platforms as it broadens the distribution of its fund-of-fund's family. The firm had distributed its five Generation-Wave funds directly through an internal sales force. It has now added the funds to
Vanguard Brokerage,
CSFBDirect and
Ameritrade.
The firm's five funds use a proprietary screening system to select funds in which to invest. Each of the funds is tailored to a different risk profile. Mutuals.com's added value is to assess shareholders objectives and recommend from among the family of funds.
"Now that our 5 fund of funds are available to the general public, I can leverage my time to serve the masses, rather than one client at a time," explained
Brian Bull, senior financial advisor. "It's important to me that a large number of people realize the benefits of using a systematic, no-load investing program."
Mutuals.com was founded with eight years ago with the strategy of building a fund supermarket based on distribution through telephony. Its name -- 800-Mutuals -- was inspired by the model provided by 800-Flowers. The firm then migrated that model to the Web and changed its name to Mutuals.com.
More recently the firm shifted its emphasis to its fund selection process. The new Generation-Wave funds were created to leverage that process. Author Harry Dent assisted the firm in developing the investment model for the funds.
 
Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE