Products January 6, 2010

CUSO Launches ActivePassive Portfolios

CUSO Financial Services (CFS), a full-service, broker/dealer and registered investment adviser, has launched the ActivePassive Portfolios on the CUSO Asset Management (CAM) platform.
Reported by

A news release said advisers using the platform can select from 14 portfolio categories to meet a range of investor risk profiles and serve different investor tax situations. CFS is a provider of investment and insurance solutions to credit unions.

“Credit union members and their financial advisers face a confusing barrage of comparisons between the lower cost of passive management (index-based mutual-funds and ETFs) versus the performance of actively managed funds,” said Steve Hollenbeck, senior vice president, marketing, CFS, in the release.

In addition to the ActivePassive Portfolios, the CFS platform offers mutual fund models, unified managed accounts, ETFs, separate account managers, and adviser-directed managed accounts, the company said.

Deals & People January 6, 2010

EFA Hires Fellows to Focus on Northeast

ERISA Fiduciary Advisors, Inc., has hired a new manager to focus on sales and consulting in the northeastern United States.
Reported by

According to an announcement, Richard “Dick” B. Fellows, Jr, has joined ERISA Fiduciary Advisors as the Northeast managing director responsible for sales and consulting to plan sponsors in the Boston area.      

ERISA Fiduciary Advisors is an independent, fee-based, investment advisory and retirement consulting firm “focused on corporate retirement plans providing unbiased investment advice, fiduciary risk management,and retirement plan consulting to the mid-size retirement plan market of $5 million to $250 million in assets under management,” according to the firm, which has offices in Florida and Massachusetts, as well as plans to expand into Ohio.   .

According to the announcement, Fellows has made his career building the investment and retirement planning divisions of several well-known retirement industry firms, including Fidelity, First Mercantile Trust, Loomis-Sayles and Mercer.     

ERISA Fiduciary Advisors, Inc. specializes in the implementation of a complete fiduciary management process with up to 27 identifiable practices, according to the firm.  It offers two fiduciary adviser options that include an investment adviser agreement and a higher level, investment manager agreement designed to transfer investment risks away from the plan fiduciaries.

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