Northwestern Mutual announced the expansion of its professionally managed investment offerings this week with the launch of a new line of model portfolios designed to provide greater access to advised solutions for younger and less affluent investors.
The models, called the "Signature Portfolios Market Pathway," require a minimum investment of $5,000, according to the firm's announcement. The initiative is designed to take a "straightforward approach to investing" using low-cost, broad-market exchange-traded funds that offer exposure across Northwestern Mutual Wealth Management's strategic asset classes.
Why it matters: The firm hopes to to allow advisors to create investing opportunities for younger clients who want to set and pursue financial planning goals in collaboration with a financial professional.
What to know: The models come in five varieties based on the investor's risk tolerance, ranging from conservative to very aggressive.
