MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, June 14, 2017 Lockwood Releases New Suite of Portfolios BNY Mellon’s Lockwood Advisors will release a suite of three distinct new portfolios concentrated around American Funds, the family of mutual funds from Capital Group. The news comes on the first day of Lockwood’s affiliate Pershing’s INSITE 2017 conference.
The new portfolios will be available through Lockwood’s two-year-old managed accounts solution, Managed360. Existing clients of Managed360 will have access to the portfolios today. They will also be available within a client sponsored offering that leverages Lockwood investment strategies.
"Harmonizing active and passive investment vehicles is something we’ve been doing since 2003, so we’re capitalizing on that experience," Hempel says. Hempel also says that working with American Funds was a logical alliance. "We have had a longstanding relationship with American Funds. They’re a great partner because of their investment experience, global reach, and support in the field working directly with advisors," Hempel says. Bill Brady, senior vice president of wealth management at Capital Group, echoes that sentiment in a press release. "With our focus on low fees and a history of superior long-term outcomes, we believe American Funds will be an important ingredient in Lockwood’s portfolios designed to meet people’s real-life objectives," he states. Lockwood has over $7.4 billion in assets under management as of March 31, 2017 and Capital Group manages more than US$1.4 trillion in equity and fixed income assets as of December 31, 2016. Printed from: MFWire.com/story.asp?s=56452 Copyright 2017, InvestmentWires, Inc. All Rights Reserved |
