Advisor Partners, a provider of outsource investment solutions, has released an upgrade for the Advisor Partners Managed Portfolio Program, a turnkey asset management solution for financial institutions and independent financial advisers.
The upgrade uses endowment-style investment models to provide broader multi-asset class representation.
It is the first upgrade to result from Advisor Software’s acquisition of Advisor Partners.
"Our Managed Portfolio Program allows advisors and institutions to outsource their existing wealth management offering in order to better focus on relationship management and business development," says Dennis Clark, president, Advisor Partners. "By combining Advisor Software’s institutional research capabilities with our unique index-based investment strategy, we have significantly enhanced this investment product with proprietary, endowment-style modelling and broader exposure to multiple asset classes, including alternative investments."
Tthe Managed Portfolio Program offers five strategy portfolios for taxable accounts and five for tax-exempt accounts across the risk spectrum. Advisor Partners implements its multi-asset class, global exposure portfolios with low-cost ETFs.
The following new features were added: IndexIQ: alternative investment manager adds alternatives exposure to Advisor Partners’ endowment-model approach and current proprietary portfolios; Dynamic Proposal Tool: web-based MPP Proposal Generator recommends an asset allocation model based on the client profile and will generate an investment proposal for the advisor to review with the client.
"At Advisor Software, we are always looking to take our solutions to the next level for advisors," says Neal Ringquist (pictured), president and chief operating officer at Advisor Software. "Our application of state-of-the-art technology and enhanced research capabilities to the Advisor Partners Managed Portfolio Program delivers an ideal solution for advisors seeking to provide a higher level of service for their small account clients, as well as for advisors seeking a professional managed alternative to mutual funds."