The portfolios’ exposure to exchange-traded funds (ETFs) and mutual fund investment options allows advisers and plan sponsors the flexibility to offer strategies that are based on mutual funds, passive ETFs or both active and passive ETFs. The portfolio sets will include both target-date and risk-based options.
Mesirow Financial designed the
portfolio suite for both fee-based and commission-based advisers, and offers
three levels of 12b-1 payouts. By using the ModelxChange platform, Mesirow
Financial will be able to take advantage of the technology to provide more
efficient 3(38) investment manager fiduciary services to plan sponsors.
“This step is part of our continuous effort to expand the audience for our flexible and cost-efficient fiduciary solutions,” said Michael Annin, senior managing director and head of Mesirow’s investment strategies team.