NAPLES, Fla., March 15, 2017 /PRNewswire/ -- Capital Wealth Planning, LLC
Capital Wealth Planning, LLC (CWP) today proudly announced its Enhanced Dividend Income SMA (separately managed account) strategy received a 5-Star Morningstar™ rating amongst 28 peer option writing SMAs in the category. To learn more about the Morningstar rating methodologies click here.
"We are very pleased to receive this recognition amongst a truly quality group of peer managers. Our strategy offers a unique story that has drawn a large amount of demand from regional broker/dealer and wirehouse SMA platforms," says CIO and Founder of Capital Wealth Planning, Kevin Simpson. "The DOL ruling has started to play a crucial role in the decision-making process for many Financial Advisors now searching for transparent and fairly-priced SMA offerings and the Enhanced Dividend Income SMA offers a unique option to fill that need."
The Enhanced Dividend Income Strategy features a concentrated domestic equity portfolio of 20 to 25 mega-cap blue chips from the S&P 100. The objective of the portfolio is to achieve a consistent 5% to 7% combined yield from dividends and option premiums. Our goal is to earn 2.5% to 3% of annual portfolio income from the dividends and 2% to 5% from the option premiums, which is dependent on levels of volatility and market conditions. "The strategy is managed on a total return basis and we exercise patience when making decisions," Simpson added. To earn 2% to 5% of annual income from option premium, a tactical covered call overlay which covers roughly 40% to 70% of the portfolio on average over the course of the year is what CWP managers are shooting for.
About Capital Wealth Planning
Capital Wealth Planning is a fee-only Investment Advisory Firm based in Naples, Florida. The Enhanced Dividend Income SMA Strategy accounts for approximately $450 million of Capital Wealth Planning's $675 million under management. The firm has been building and managing proprietary income-oriented portfolios since 2005. CWP exists at the forefront of implementing covered call strategies with their ETF Income Portfolio, Enhanced Dividend Portfolio and Covered Call Overlay Service. The methodologies are designed to enhance risk-adjusted returns and offer portfolio protection while delivering monthly cash-flow.
For additional information and account inquiries, please visit http://www.CapitalWealthPlanning.com
Account inquiries should be directed to Kevin Simpson at 239-593-2100 or KSimpson@CapitalWealthPlanning.com.
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3-year rating out of 26 option writing SMAs as of December, 31st 2016
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SOURCE Capital Wealth Planning, LLC