Products March 19, 2009

iSectors Introduces ETF Models

In response to adviser demand, iSectors said it added 16 allocation models to its suite of exchange-traded fund (ETF) models.
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Along with the model additions, iSectors has added a module that allows advisers to create and manage, in a turnkey fashion, their own ETF allocation models, the company said in a news release. iSectors Asset Allocation Models are also available on the Envestnet platform for firms and advisers contracted with them.

iSectors said its assets under management within their ETF-based asset allocation models have grown to $100 million. “Advisers and investors are realizing the efficiency, liquidity, and cost benefits of ETFs,”said Vern Sumnicht, CEO of iSectors, in the release. The growth is in keeping with some analysts’ predictions that ETFs will continue to see growth this year (see “ETF Usage Expected to Increase in 2009“).

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Products March 19, 2009

Thomson Reuters Expands Offerings to Advisers

Thomson Reuters teamed up with ByAllAccounts Inc. to offer account data to advisers.
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ByAllAccounts Inc. is a Woburn, Massuchusetts-based technology company that delivers reconciliation-ready data to investment management and advisory firms. Financial advisers using Thomson Reuters eXimius private client wealth management platform will have detailed account data through the integration of ByAllAccounts Custodial Integrator, according to a press release.

By combining ByAllAccounts’ Custodial Integrator—which captures account data in the form of transactions, positions, balances, and prices from virtually any online source, and feeds this data into eXimius—financial advisers will be able to access thousands of online sources within a single feed, the release said.

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