Products March 18, 2022

Advisers Can Access ‘Green’ 401(k) Option For Clients

The retirement plan solution for small and medium-sized plan sponsors is offered in partnership with Vestwell and Ubiquity Retirement + Savings.

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Carbon Collective, an online investment adviser focused on climate change, has launched a “green” 401(k).

The retirement plan solution is provided in partnership with Vestwell and Ubiquity Retirement + Savings. Plan sponsors that sign up for the offering will be a client of either Vestwell or Ubiquity, and Carbon Collective provides portfolio management. The company says the 401(k) offering works with all cloud-based payroll providers.

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Carbon Collective creates and manages three categories of investment portfolios: climate-focused, environmental, social and governance, and generic retirement date. It says its 401(k) portfolios cover more than 80% of U.S. stocks by market cap.

Vestwell and Ubiquity both charge a flat platform fee plus a fee per employee per month, and Carbon Collective charges a standard management fee of 0.25% of all assets under management per year. The company says the fee is midrange for small and medium-sized plan sponsors.

“Enable employees at your company to save for retirement in low-fee, diversified, mission-driven portfolios,” the company’s website says.

Products March 17, 2022

Investment Product and Service Launches

New Nasdaq-100 index fund institutional share class launches, while Alerian S-Network expands partnership with IdealRatings and Sanctuary Wealth.

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Art by Jackson Epstein

Art by Jackson Epstein





New Nasdaq-100 Index Fund Institutional Share Class Launches

Shelton Capital Management has launched the NQQQX, a new, low-cost Nasdaq-100 Index fund share class designed to address the needs of retirement plan participants and consultants by reducing the overall expenses of investing in a Nasdaq-100 fund through their 401(k) plans.

The Nasdaq-100 Index gives investors access to a wide variety of sectors and focuses on the largest 100 non-financial companies listed on the Nasdaq exchange.

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“Iconic brands like Tesla, Apple, Amazon, Microsoft and Alphabet appeal to investors who believe these, and other component companies, represent the future economy,” says Dennis Clark, managing director, Shelton Capital Management. “As the landscape of retirement savings plans evolves, our Nasdaq-100 Index Fund has become a popular offering with 401(k) platforms and is very appealing to younger investors.”

The NQQQX has an expense ratio of 0.25% and is offered with a $10 million minimum at various platforms serving retirement plans and institutional investors.

 

Alerian S-Network Expands Partnership with IdealRatings and Sanctuary Wealth

Alerian S-Network Global Indexes, an index provider focused on building index-based investment strategies, has announced an expansion of its environmental, social and governance offering and partnership with gold source data provider IdealRatings.

The partnership bolsters the firms’ commitment to providing investors broader access to a range of easily comprehensible solutions that incorporate ESG criteria. IdealRatings’ ESG scoring and ratings dataset conforms to international guidelines, identifying companies with positive and negative impacts based on their involvement in certain activities and/or countries. The indexes are rebalanced and reconstituted quarterly.

Using IdealRatings’ ESG key performance indicators for index and portfolio development, Alerian S-Network’s new global family of ESG indexes include the Alerian Ideal Ratings ESG & SRI 100 Index, the Alerian Ideal Ratings ESG 100 Index, and the Alerian Ideal Ratings SRI 100 Index.

Each strategy is accessible through a separately managed account on the Sanctuary Wealth Platform.

“ESG and responsible investing are prevalent across all conversations in the financial services space today,” says Michael Poisson, managing director of IdealRatings. “In collaboration with Alerian S-Network, our solutions advance investors’ ability to implement a portfolio strategy aligned with their values. As mainstream strategies, ESG and SRI are now accessible by every market participant.”

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