Product & Service Launches – 2/12/26

Betterment Expands Model Marketplace With New Portfolios

Betterment Advisor Solutions announced the expansion of its model marketplace, adding new portfolio strategies from leading asset managers including Goldman Sachs Asset Management, State Street Investment Management and Vanguard.

The curated marketplace provides registered investment advisers with access to institutional-grade portfolio strategies that can be deployed as turnkey solutions while maintaining adviser oversight and client relationships.

The new models integrate with Betterment’s tax management suite and automated portfolio technology, enabling advisers to streamline portfolio maintenance within a single platform, according to the announcement.

Kestra Holdings Unveils New Client Portal Powered by Addepar

Kestra Holdings announced the development of the Kestra Investor Solution, a new client portal and performance reporting platform designed to enhance digital capabilities for its network of independent financial advisers. The solution is powered by Addepar, a global data and artificial intelligence platform for managing investment portfolios.

The Kestra Investor Solution aims to provide advisers and their clients with a unified view of wealth across multiple account types, including brokerage, advisory, direct business, alternatives and held-away assets.

Key features highlighted in the announcement include advanced portfolio analytics with customized, branded performance reports, as well as a modern digital portal and mobile app offering constant secure access.

Nasdaq Unveils Private Capital Indexes

Nasdaq announced the launch of its Private Capital Indexes, a new benchmark suite aimed at bringing standardized measurement and transparency to the historically opaque private markets sector.

Built from data representing more than 14,000 institutional private market funds and more than $11.4 trillion in global assets under management, the indexes provide rules-based benchmarks across private equity, venture capital, private debt, real estate and other private capital strategies.

MissionSquare Introduces Self-Directed Brokerage Accounts for Retirement Health Savings Plans

MissionSquare announced the launch of self-directed brokerage accounts for its retirement health savings plans, expanding investment options for participants across nearly 1,200 employer plans.

The new offering allows participants in MissionSquare’s health savings account product to access a broader range of investments beyond the plan’s core lineup, including mutual funds, exchange-traded funds, individual stocks and fixed-income securities. The move comes as rising health care costs remain a pressing concern for retirees, with recent industry research showing that approximately four out of 10 retirees report higher-than-expected medical expenses.

Fidelity Launches 2 CLO ETFs, Waives Fees for First Year

Fidelity Investments launched two active exchange-traded funds providing access to the collateralized loan obligation market: Fidelity AAA CLO ETF (FAAA) and Fidelity CLO ETF (FCLO). Both funds are now available through Fidelity’s online brokerage platforms and listed on the Nasdaq Stock Market.

The ETFs are designed to generate income through CLO investments, with FAAA focusing on AAA-rated CLOs and FCLO investing primarily in CLOs rated from BBB+ to B- or equivalent. Management fees will be waived for the first 12 months, after which FAAA will carry a 0.20% expense ratio and FCLO a 0.45% expense ratio.