Products December 20, 2012

Gemini, Arrow Partner in ETF Trust Launch

Gemini Fund Services LLC and Arrow Investment Advisors LLC have teamed to launch the Northern Lights ETF Trust.
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Northern Lights is a shared fund trust designed to bring exchange-traded funds (ETFs) to market, with operational and cost efficiencies for advisers.

The trust will provide benefits to advisers similar to Gemini’s shared fund trusts for mutual funds. It comprises independent ETFs managed by separate investment advisers. Like Gemini’s shared mutual fund trusts, the Northern Lights Trust will provide ETF advisers with operational efficiencies and economies of scale they would not be able to achieve on their own.

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“The Northern Lights ETF Trust will provide advisers with a complete suite of tools and support to overcome obstacles to market entry and bring their ETFs to investors,” said Andrew Rogers, chief executive of Gemini.

Gemini and Arrow will partner with other advisers to create additional ETFs within Northern Lights.

Gemini Fund Services is an asset management firm specializing in tactical and alternative investments. Arrow Investment Advisors is the adviser to Arrow Funds and ArrowShares.

Products December 20, 2012

NFP, CEFEX in Strategic Relationship

National Financial Partners Corp. said it would begin providing resources for advisers to gain certification from the Centre for Fiduciary Excellence (CEFEX).
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Through this alliance—the first of its kind between CEFEX and an independent broker/dealer—NFP will provide advisers with access to resources and tools to support the process of becoming a CEFEX-certified investment fiduciary. National Financial Partners, a provider of benefits, insurance and wealth management services, said it recognizes the value proposition of advisers that choose to act as fiduciaries.

CEFEX is an independent organization that assesses the trustworthiness of investment fiduciaries. Its certification is a demonstration of adherence to all fiduciary practices as defined by an independent accreditation process.

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Calling the establishment of trust with clients paramount, Edward O’Malley, president of NFP’s corporate client group, said that CEFEX certification signifies an adviser’s commitment to providing objective financial advice held to a high professional standard. “As more advisers become certified as fiduciaries, we believe our corporate clients will benefit from access to the enhanced services that accredited financial advisers on the NFP platform will now be able to provide,” O’Malley said.

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