PARSIPPANY, N.J., March 15, 2017 /PRNewswire/ -- SmartTrust® UITs announced that it reached a significant milestone by depositing the 300th series of its SmartTrust® Unit Investment Trust (UIT) platform with the deposit of the SmartTrust®, New Jersey Municipal Portfolio of Closed-end Funds Trust, Series 10 on March 14, 2017.
"We could not be more excited to mark the anniversary of our 300th deposit as it is reflective of our long-standing commitment to provide effective investment solutions and outstanding financial advisor support across many different market conditions," said Bill Walsh, Chief Executive Officer and Partner of Hennion & Walsh. Fellow partner Rich Hennion added, "While we celebrate this accomplishment today, we also look forward to the continued growth of SmartTrust® in the years ahead."
SmartTrust®, one of the top providers of UITs in the country, offers diversified income and total return opportunities through innovative investment strategies. SmartTrust® currently has 24 different UIT strategies available for purchase in the primary market including taxable equity and income, taxable income, tax free income and equity-oriented/theme-based portfolios.
Led by Chief Investment Officer Kevin Mahn, SmartTrust® uses a bottom-up approach to develop UIT products, based in large part on input received from financial advisors across the country, and utilizes independent, niche portfolio consultants, with proven track records, and widely known index providers, to complement their own experienced, in-house research team. "I believe that one of the areas that has made us unique and contributed to our success and longevity," said Mr. Mahn, "is that we look to only bring products to market when the strategy has value in the market and demand from the marketplace."
SmartTrust® UITs, sponsored by Hennion & Walsh, offer diversified income and total return opportunities through innovative investment strategies. Assets grew by 20 percent in 2016 while the number of Trusts outstanding grew by 12 percent over the same period. For more information about Hennion & Walsh's SmartTrust® UIT products, please contact the firm's Internal Support Desk at (888) 505-2872, or visit www.smarttrustuit.com. Hennion & Walsh is a member of FINRA and SIPC. Additional information on Hennion & Walsh is available at www.hennionandwalsh.com.
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SOURCE SmartTrust UITs