Product aims to mitigate risk for RIAs

The MDE Group Inc., a $1.3 billion institutional wealth management firm, is making an official expansion into the registered investment adviser business with the launch of Risk 3.0 Asset Management
SEP 25, 2011
The MDE Group Inc., a $1.3 billion institutional wealth management firm, is making an official expansion into the registered investment adviser business with the launch of Risk 3.0 Asset Management. The announcement follows several months of dabbling in the financial intermediary arena by providing financial advisers with unique access to a platform of investment solutions designed to help navigate certain market conditions. “Investment advisers are increasingly seeking ways to differentiate themselves in a volatile market fraught with competitive challenges,” said Mitchell Eichen, founder and chief executive of The MDE Group. “Over the past two years, our clients have benefited from the consistent and predictable returns of Risk 3.0 in this environment of inconsistency and unpredictability, and we are excited to be able to extend these same benefits to other RIAs and their clients.” Lamco Advisory Services Inc., a $1.6 billion advisory firm, started allocating client assets to an exchange-traded-fund option overlay platform managed by The MDE Group last November. “This is something that will help mitigate downside risk and give a performance accelerator,” Lamco president Mark Lamoriello said at the time. “From our standpoint, this looks like a chance to earn a 7% to 8% return without a lot of volatility,” he said. MDE Group also announced that D. Erik Leishman has been appointed senior vice president of business development for Risk 3.0 Asset Management, responsible for driving business development efforts at the firm. Email Jeff Benjamin at [email protected]

Latest News

Advisor moves: Atlas tops $1B as Wells Fargo, UBS add bank veterans
Advisor moves: Atlas tops $1B as Wells Fargo, UBS add bank veterans

Wells Fargo adds two bank-channel recruits, UBS lands a JPMorgan Chase veteran, and a multi-family office lifts Atlas past $1B

Advisor mom’s son used her password to log into clients’ accounts, sell deal with conflicts, according to Washington state
Advisor mom’s son used her password to log into clients’ accounts, sell deal with conflicts, according to Washington state

“The state comes down on you in years when you make 40% returns for clients,” said Bill Swayne, the advisor and son of Candace Swayne.

Osaic in talks with Anthropic as AI reshapes advisor workforce
Osaic in talks with Anthropic as AI reshapes advisor workforce

The Independent broker-dealer giant has had “active conversations” with the Claude maker, which is days away from its expected IPO

The retirement milestone advisors aren't tracking
The retirement milestone advisors aren't tracking

For Gen X clients entering life after work, answering the financial question isn't enough to solve the entire retirement equation.

Wealthtech firms target stock pay, pensions and heirs for advisors
Wealthtech firms target stock pay, pensions and heirs for advisors

Tools from Grantd, Income Lab and Healthspan Wealth aim to keep RIAs involved in clients’ biggest money decisions

SPONSORED Best Practices for Engaging Women Around Alternatives

Growing wealth, evolving priorities, and untapped opportunities are reshaping how women approach long-term investing.

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.