HOUSTON, Dec. 1, 2017 /PRNewswire/ -- Crossmark Global Investments, Inc. (Crossmark), a leading provider of responsible investment solutions, announced today that its Covered Call Income separately managed account (SMA) strategy has been added to the Schwab Managed Account Select ® Platform.
Managed Account Select provides investors with access to more than 50 third-party asset managers and more than 125 strategies.
"We are honored that Charles Schwab has elected to include the covered call strategy on its Managed Account Select platform. We know how much advisors and investors value the platform when making difficult investment decisions," said David Rentfrow, Managing Director and Head of Distribution at Crossmark.
Crossmark's Covered Call Income portfolios provide investors with limited equity market participation while aiming to enhance income potential and reduce risk. The strategy's managers own a basket of stocks and write (or sell) call options to cover the stock positions. In doing so, the strategy may enhance portfolio returns in certain market conditions and reduce volatility. This approach may be appropriate for investors looking for limited capital appreciation, enhanced income and reduced risk levels versus a long-only portfolio.
About Crossmark Global Investments: Crossmark Global Investments is an independent investment advisor headquartered in Houston, Texas. Founded in 1987, the firm serves retail and institutional investors across the country. Crossmark is the exclusive manager of the award-winning Steward Funds, a family of values-based screened funds. The Steward Funds are offered by Crossmark Distributors, Inc., member FINRA/SIPC.