Bank of America Merrill Lynch has added more sustainable, hybrid and high-net-worth choices to its investment advisory program model portfolios.
Three new investment managers have been added to the firm's lineup of sustainable model portfolios: DWS, Goldman Sachs Asset Management and Neuberger Berman. These complement existing sustainable model portfolios managed by Merrill’s chief investment office.
It also added 10 new hybrid model portfolios through a partnership between Vanguard and Capital Group, parent of the American Funds. The models include both taxable and tax-aware portfolios that pair Vanguard index exchange-traded funds with American Funds’ active funds. Vanguard will serve as strategist for the models.
Merrill also expanded its roster of tax-efficient, high-net-worth portfolios with new hybrid model portfolios from Columbia Threadneedle Investments.
Since Merrill launched model portfolios under its CIO in 2017, the offerings have expanded to include 140 model portfolios from 17 third-party investment managers, along with nearly 125 CIO-managed model portfolios.
Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.
Reshuffle provides strong indication of where the regulator's priorities now lie.
Goldman Sachs Asset Management report reveals sharpened focus on annuities.
Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.
Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.
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.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
