Bringing you live news and features since 2006 

Envestnet Estee Jimerson

Saxon Securities to offer FDIC-insured brokered CD portfolios on Envestnet platform

RELATED TOPICS​

Saxon Securities, a platform provider of separately managed account FDIC-Insured brokered certificates of deposit (CDs) investment management services for Registered Investment Advisers (RIAs), is to offer its product on the Envestnet platform. 

Envestnet assists investment advisors in providing wealth management technology and services as well as investment solutions and products, including managed account portfolios, to their clients.  

“Envestnet prides itself on offering a broad set of managed account solutions to over 40,000 advisors who access the over 1,300 Separate Account Portfolios available through the single contract platform. We're pleased to be able to offer Saxon Securities' FDIC-insured CD portfolio solution and believe that the strategy fills a unique space in our managed account offering,” says Estee Jimerson, Senior Vice President at Envestnet.

The Saxon Securities product, usually accessed only by larger institutions, offers a managed service that provides competitive yields with the protection of the Federal Deposit Insurance Corp of the underlying CDs. In this persisting low yield environment and sovereign debt crisis, clients are looking for a managed government guaranteed fixed income solution that maximises yield relative to other U.S. government guaranteed securities. Currently, large unprotected cash allocations are being held by investors in money market positions earning as little as 0.01 per cent annually,” said Ned Lucia, Managing Partner of Saxon Securities.

Latest News

European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by