The two accounts are:
- Russell Mutual Fund Model Strategies includes five core models and five tax-managed models, according to a news release. This mutual fund wrap account is diversified across up to four asset classes, eight funds, nineteen styles, and up to forty-eight specialist money managers.
- Russell LifePoints Funds—Target Portfolio Series is a fund-of-funds lifecycle suite that offers five funds with equity exposure that varies from a fund with 20% stock funds and 80% bond funds to a fund invested in 100% stock funds. The funds are continuously monitored and automatically rebalanced.
“Now independent RIAs can get Russell’s offerings combined with FundQuest’s advanced technology and operational services,’ said David Root, VP of Institutional Sales at FundQuest, in the release.
Russell funds are distributed through Russell Fund Distributors, Inc., member FINRA, and part of Russell Investment Group. Russell Investment Group provides investment products and services to RIAs and has more than $231 billion in assets under management.
More about FundQuest is at www.fundquest.com.