Deals & People February 18, 2014

New Jersey Advisers Join LPL Platform

Atlas Private Wealth Advisors, a newly named five-member team led by Vladislav Krubich and Tony Mayo, transitioned to LPL Financial LLC’s broker/dealer platform.  
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As part of this move, Atlas Private Wealth Advisors aligned with Flagship Harbor Advisors, an independent registered investment adviser (RIA) group, for its fee-based advisory services.

Atlas focuses on mass affluent Baby Boomers in or approaching retirement. The firm seeks to protect a client’s lifetime of earnings while minimizing the impact of taxes. Atlas employs a team-based approach, coordinating its services with certified public accountants, attorneys and real estate agents, among others, to deliver an integrated wealth management solution.

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Through the move, Atlas gains a suite of solutions, tools and resources geared at supporting their ability to expand on a scalable basis, according to Bill Morrissey, executive vice president of business development at LPL Financial.

Atlas Private Wealth Advisors, in Matawan, New Jersey, supported brokerage and fee-based client assets totaling approximately $125 million as of December 31.

LPL Financial is the nation’s largest independent broker/dealer, an RIA custodian, and a wholly owned subsidiary of LPL Financial Holdings.

Products February 18, 2014

Invesco PowerShares Expands Smart Beta Suite

Invesco PowerShares Capital Management LLC announced that its PowerShares International BuyBack Achievers Portfolio will be listed on the NASDAQ stock market starting February 27.
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The portfolio will provide investors efficient access to a portfolio of international companies classified as International BuyBack Achievers. BuyBack Achievers are companies that have effected a net reduction of 5% or more of their outstanding shares in the past 12 months, and have met additional criteria in accordance with the guidelines and mandated procedures of the NASDAQ OMX Group, Inc., the underlying index provider.

“Our U.S.-focused flagship, the PowerShares BuyBack Achievers Portfolio has achieved a competitive long-term track record demonstrating the investment merit of the BuyBack Achievers methodology, and more broadly of smart beta” says Lorraine Wang, Invesco PowerShares global head of ETF (exchange-traded fund) products and research, based in Chicago. “The PowerShares International BuyBack Achievers Portfolio expands the range of tools investors can use to efficiently allocate the BuyBack Achievers strategy across the globe.”

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PowerShares International BuyBack Achievers Portfolio is based on the NASDAQ International BuyBack Achievers Index. It includes common stocks of foreign companies classified as International BuyBack Achievers in accordance with the NASDAQ OMX Group Inc. proprietary selection methodology. The portfolio will generally invest in all of the securities comprising the underlying index, and is rebalanced quarterly in January, April, July and October. The portfolio has an expense ratio of 0.55%.

More institutional investors are using smart beta ETFs in an effort to reduce portfolio volatility (see “Smart Beta ETFs Can Be Used to Reduce Volatility”). To learn more about smart beta investing, visit http://www.invescopowershares.com/smart-beta/.

Invesco PowerShares Capital Management LLC is a global provider of exchange-traded funds (ETFs).

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