55ip, an investment strategy engine that enables advisers to custom-build investment strategies, and Fi360, a provider of fiduciary-related education and tools, have contracted to add the Fi360 Fiduciary Score to the 55ip platform as a standard factor.
Under the terms of the agreement, Fi360 licensed its Fi360 Fiduciary Score to 55ip for use within its proprietary platform. The custom version of 55ip will allow advisers to build investment strategies using exchange-traded funds (ETFs) and mutual funds that have earned superior Fi360 Fiduciary Scores.
The fi360 Fiduciary Score is an investment rating system that examines open-ended mutual funds, ETFs and group retirement annuities to see whether they meet a minimum fiduciary standard of care. The scores, which range from zero to 100 (with zero being the most preferred mark), are calculated on a monthly basis for investments with at least three years of trading history. An independent study from financial research firm MacroRisk Analytics suggests the fi360 Fiduciary Score has a strong correlation to investment performance.
The 55ip platform empowers advisers and wealth managers to efficiently design and manage intelligent, custom and automated investment strategies for clients who seek to address the frictions that get in the way of client outcomes, such as high fees, extreme losses, taxes, and time. Advisers who use 55ip are equipped with investment science wrapped in white labeled, easy-to-use technology that helps grow and scale their practices.
“In today’s rapidly evolving regulatory landscape, fiduciary monitoring is critical for advisers to stay competitive and grow their practices,” says Paul Gamble, chief executive officer of 55ip. “Fiduciary advice and investment monitoring should not exist in silos. Our relationship with Fi360 will enhance our ability to bring best-in-class, custom investment strategies to the hands of advisers who want to build or amplify their clients’ portfolios in a fiduciary-minded way.”More information on Fi360 and 55ip can be found at www.fi360.com and www.55-ip.com, respectively. To attend the companies’ joint webinar on April 12 at 1:00 p.m. EST titled, Build Custom Strategies with Fi360 Score built-in, register here.