Products May 25, 2011

Lincoln Introduces Customized Portfolio Product

Lincoln Trust Company is rolling out “Managed Models,” a customized portfolio product designed specifically for the retirement industry.
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Managed Models provides investment advisers the ability to create customized risk or age-based asset allocation portfolios that are not limited to a retirement plan’s core investment lineup. The Lincoln Trust product provides unconstrained fund selection, fund-to-fund transfer functionality, dynamic reporting, and complete transparency, with no fee. Advisers can also private label the product.    

“The Managed Models platform has been designed to be a complete solution for plan advisers bringing an asset allocation strategy to their clients’ plan lineups,” said Tom Gonnella, senior vice president of Corporate Development for Lincoln Trust Company. “Whether they employ a tactical or strategic approach, these professionals will have easy access to virtually the entire universe of mutual funds, including ETFs and alternative investment funds.”   

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A demonstration of Managed Models solution is available here.
Products May 24, 2011

Commonwealth Updates Client Management Tool

Commonwealth Financial Network has made several upgrades to its Web-based client management tool, Client360. 
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Financial advisers affiliated with Commonwealth, an independent broker/dealer–RIA, can access portfolio, document, customer relationship, and wealth management functionality on one platform, including an improved portfolio accounting system and redesigned interface.

In a single portfolio management overview screen, advisers can view household activity summary, asset allocation, performance, historical balance trending, as well as trading and intraday positions/cash balances. Exporting data via silent login to both Morningstar Advisor Workstation and MoneyGuidePro has been streamlined as well, the company said.

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Advisers have access to both time- and dollar-weighted performance reporting on all accounts, including fee-based and non-fee-based accounts (e.g., 529 plans, variable annuities, REITs, managed futures). Commonwealth says performance reports are updated daily, allowing advisers to quickly view how a household, group of accounts, or single account has performed against its respective customizable benchmark.

Other features of Client360 include:

  • More than 50 new customizable reports, including user-defined templates that can be shared across an office
  • 1-Click Review bundles, allowing users to bundle together report templates for client reviews
  • A user-selectable 20+ column holdings page
  • Improved variable annuity sub-account mapping to Morningstar Advisor Workstation
  • Five levels of household/account grouping
  • 11 distinct ways to dissect a client’s asset allocation

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