Next-generation investors who want to work with a financial advisor are the focus for a new model portfolio offering from Northwestern Mutual.
The firm has launched Signature Portfolios Market Pathway models for investors seeking professionally advised and managed solutions across a range of investing needs, using low-cost, broad-market ETFs.
A key target for the new products are younger clients looking to start their investing journey, and the models offer exposure and diversification across Northwestern Mutual Wealth Management Company's strategic asset classes.
The models have a minimum investment of $5,000 and five varieties based on investors’ risk tolerances.
"We are excited to deliver a new way for our advisors to serve the unique needs and goals of investors across the spectrum — especially younger clients looking to begin a relationship with a financial professional," said Jeb Bentley, president and CEO of Northwestern Mutual Wealth Management Co. "We are keenly focused on supporting the next generation of investors and are proud to offer a new way for our advisors to help them build wealth and greater financial security."
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
