MCLEAN, Va., July 7, 2016 /PRNewswire/ -- Folio Institutional has added 31 Morningstar® Managed PortfoliosSM ETF and mutual fund models to its Model Manager Exchange (MMX). Folio provides MMX, a network of third-party investment models, to registered investment advisors (RIAs) who seek more efficient, cost-effective asset management solutions.
Benefits from MMX include:
- No client minimum account requirement. (Mutual funds may have their own minimums.)
- Access to more than 80 investment managers and nearly 400 model portfolio strategies.
- Ability to subscribe to any number of MMX models.
- Simultaneously manage thousands of client accounts, thanks to Folio's trading technology.
- Use models "as is" or customize them to meet clients' unique needs.
- Direct access to investment managers to license and discuss models.
"Today, RIAs demand services that streamline their business, reduce costs and offer possible solutions to fiduciary duty rules. Model Manager Exchange helps make this possible," said Greg Vigrass, president of Folio Institutional. "We are excited about the addition of Morningstar Managed Portfolios to MMX. This is one of the many ways we seek to contribute to an advisor's business growth, innovation and client service."
MMX also empowers investment managers to broaden their reach to Folio's RIA clients. Brand name and start-up investment managers make their models available through MMX.
"Our managed portfolios are designed to be part of a long-term investing plan and are built with investors' needs in mind. These strategies help advisors' practices be more efficient, so they can spend more time providing comprehensive financial planning services to investors," said Daniel Needham, president and CIO of Morningstar's Investment Management group. "Morningstar's mission centers on helping investors reach their financial goals, and we're pleased to make our managed portfolios available to Folio Institutional clients through the Model Manager Exchange."
"Folio Institutional's models and rebalancing tools are a game changer for us," said Vance Howard, CEO of Howard Capital, a SEC-registered RIA that uses models offered through MMX. "Using Folio Institutional's Model Manager Exchange, Howard Capital is able to run 20 different investing strategies, ranging from very high to very low risk. We can also subscribe our clients to multiple strategies, in one account."
Morningstar's models are built to meet a range of investment strategies, time horizons and risk profiles:
- Five mutual fund-based asset allocation portfolios designed for tax-deferred accounts
- Five mutual fund-based asset allocation portfolios designed for tax-sensitive accounts
- Five mutual fund-and-ETF-based asset allocation portfolios designed for tax-deferred accounts
- Five mutual fund-and-ETF-based asset allocation portfolios designed for tax-sensitive accounts
- Five ETF-based asset allocation portfolios
- Four retirement income portfolios
- One absolute return portfolio
- One multi-asset high income portfolio
To learn more about Folio Institutional's Model Manager Exchange and its other portfolio management tools, please contact Folio Institutional.
About Folio Institutional®
Folio Institutional is offered by FOLIOfn Investments, Inc., a self-clearing broker-dealer launched in 1999. Folio Institutional provides an integrated brokerage and custodial platform featuring patented trading and portfolio management tools and private placement capabilities. Folio Institutional supports financial professionals and institutions on both a full-service and technology-licensed basis, servicing billions of dollars of investor assets nationwide.
About Morningstar® Managed PortfoliosSM
Morningstar® Managed PortfoliosSM are offered by the entities within Morningstar's Investment Management group, which includes subsidiaries of Morningstar, Inc. that are authorized in the appropriate jurisdiction to provide consulting or advisory services in North America, Europe, Asia, Australia, and Africa. In the United States, Morningstar Managed Portfolios are offered by Morningstar Investment Services LLC or Morningstar Investment Management LLC, both registered investment advisers, as part of a discretionary investment advisory service or as model portfolios to third-party advisory programs on a discretionary or non-discretionary basis. They are intended for citizens or legal residents of the United States or its territories and can only be offered by a registered investment adviser or investment adviser representative. The Morningstar name and logo are registered marks of Morningstar, Inc.
The views expressed by third parties are their own, may not be representative of the experience of other customers or advisors and do not provide a guarantee of future performance or success. FOLIOfn Investments, Inc. does not make any determination that any model manager or model manager investment strategy is suitable or appropriate for you or your clients' use. We do not review, sponsor, endorse, recommend or receive any compensation from any model manager and we do not determine the suitability of, or provide advice regarding, any model manager or model manager investment strategy. If you implement any model manager investment or strategy (including a published folio) you must determine for yourself and your clients whether the investment or strategy is suitable for your use on their behalf.
©2016 by FOLIOfn, Inc. Securities products and services are offered through FOLIOfn Investments, Inc., a registered broker-dealer and member FINRA/SIPC. VIA Folio, Folio Institutional, Folio Investing, FOLIOfn and Folio Advisor are registered trademarks of FOLIOfn, Inc. All Rights Reserved.
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SOURCE Folio Institutional