New Plan Program Provides Access to ETFs

Longview Financial Advisors, LLC, has launched Klear(k), a new retirement plan program that gives plan sponsors a way to access exchange-traded funds (ETFs) through FOLIOfn's investment platform.

The Klear(k) program offers ETFs, no-load mutual funds, and low-cost, actively managed investment models to 401(k), 403(b), 457, and defined benefit retirement plans of all sizes, according to the release from Longview and Folio Institutional, a division of FOLIOfn Investments, Inc. The goal of the program is to provide better investment options with more control, greater transparency, and lower cost to plan sponsors and participants.

Key benefits of the Klear(k) retirement plan program, according to the release, include:

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  • Cost efficiency: offers reasonable fees;
  • transparency: offers a flexible and transparent investment lineup;
  • risk Management: helps mitigate risk through portfolio diversification;
  • open architecture: offers multiple ETF providers;
  • managed accounts: offers proprietary actively managed investment models;
  • full-service solution: offers investment advisory services, fiduciary benefits, and TPA Services.

Through Folio Institutional’s platform, Longview’s Klear(k) program offers investments to retirement plans and their participants as integrated investment portfolios (Folios) that can be bought, sold, or rebalanced in a single transaction.


Plan sponsors and financial advisers interested in more information can call Longview Financial Advisors at 866.855.0600.

Plan sponsors and financial advisers interested in more information can call Longview Financial Advisors at 866.855.0600.

 

Mainstay Adopts Epoch Funds

MainStay Investments has adopted four equity mutual funds managed by Epoch Investment Partners, Inc.

Pending shareholder approval, the funds, with over $750 million in assets, will be reorganized as MainStay Epoch mutual funds in November, according to a press release. In addition, MainStay Investments will become the primary distributor of separately managed accounts (SMAs) managed by Epoch.

Three of the funds have four-star ratings from Morningstar: Epoch Global Equity Shareholder Yield (EPSYX), Epoch International Small Cap (EPIEX), and Epoch US All Cap Equity (EPACX), the release said.

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Other enhancements made to the MainStay lineup include Epoch assuming management of several MainStay mutual funds as sub-adviser as well as the proposed consolidation of several other MainStay Funds to reduce overlap within the complex.

In addition, MainStay appointed industry veterans Robert DiMella and John Loffredo, who co-lead MacKay Shields’ recently acquired municipal bond team, to manage the MainStay Tax Free Bond Fund (MTBAX) (see “MaKay Shields Agrees to Acquire Princeton Municipal Bond Unit).

DiMella and Loffredo founded Mariner Municipal Managers LLC in 2007 upon leaving BlackRock, where they served as co-heads of BlackRock’s Municipal Portfolio Management Group.


More information is available at

More information is available at www.nylim.com/mainstayfunds.

 

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