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BNY Mellon’s Lockwood launches new American Funds-based investment solution


BNY Mellon’s Lockwood Advisors has developed a suite of new portfolios using American Funds at its core.

The Lockwood/American Funds Core Portfolios, created by Lockwood’s investment team, combines American Funds’ mutual funds with exchange-traded funds (ETFs), providing financial professionals with the opportunity to harmonise active and passive strategies to help achieve investor goals.
Lockwood/American Funds Core Portfolios, which leverages objective-based portfolios within a multi-vehicle, low cost investment solution, is designed to allow financial professionals to serve a diverse set of investors via three investment strategies aligned to various life stages: savings (appreciation); transition (balanced); and retirement (conservative growth). The portfolios have an account minimum of USD10,000, offering the ability to target emerging investors.
The Lockwood/American Funds Core Portfolios will be available through Lockwood’s managed accounts solution, Managed360, as well as within a client sponsored offering that leverages Lockwood investment solutions.
“We are committed to bringing to market strategies that will help our clients meet the evolving demands of investors,” says Joel Hempel, chief operating officer at Lockwood, an affiliate of Pershing. “This new solution brings together our portfolio construction capabilities with the American Funds family of mutual funds to provide our clients with a solution that will help them effectively manage investor goals across life cycles through a combination of active and passive strategies.”
Bill Brady, senior vice president of wealth management at Capital Group, adds: “With our focus on low fees and a history of superior long-term outcomes, we believe American Funds will be an important ingredient in Lockwood’s portfolios designed to meet people’s real-life objectives.”
Lockwood seeks to deliver superior long-term investment outcomes for clients by emphasising risk management in construction of portfolios as well as in investment manager selection. Lockwood’s approach to portfolio construction emphasises in-depth manager due diligence, as well as ongoing monitoring and performance analysis.
Lockwood has been managing portfolios that blend active mutual funds and ETFs since 2003. Other investment solutions offered on the Lockwood platform include a series of additional Lockwood-discretionary managed portfolios, including unified managed accounts, traditional and objective based mutual fund/exchange traded fund (ETF) wrap accounts, and third-party mutual fund/ETF model solutions, as well as a platform of both research covered and open-architecture separately managed account managers. Lockwood had over USD7.4 billion in assets under management as of 31 March, 2017.

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