WisdomTree Unveils Portfolio Solutions for Advisors
The service is intended to help advisors manage and implement asset allocation decisions, among other features.
WisdomTree Inc. on Tuesday introduced a service, Portfolio Solutions, to help advisors choose client portfolios, save time and use a consistent investment and client communication process.
Advisors can use Portfolio Solutions as an efficient portfolio delivery framework, whether they offer clients self-constructed model portfolios or third-party models, according to WisdomTree, which has $109 billion in assets under management.
Three distinct offerings comprise this WisdomTree Asset Management service:
For advisor-built portfolios:
- Portfolio consultations. A personalized evaluation of an advisor’s model portfolios, including individual model portfolio composition analysis, stress testing, examination of holdings and overlaps.
For outsourced portfolios:
- Chief investment officer-managed model portfolios. Provides access to WisdomTree’s CIO-Managed Model Portfolios designed to satisfy an array of client investment goals. Advisors can implement these model portfolios themselves, via model market centers or on third-party platforms. These portfolios may be customized to firms’ needs and goals.
- Shared CIO. Enables advisors to collaborate with WisdomTree’s Model Investment Team to build and manage model portfolios, with the option to delegate trading, rebalancing and tax optimization tasks.
Portfolio Solutions seeks to helps advisors manage and implement asset allocation decisions, save time and resources, and make their practice more valuable, according to the firm.
“We’re excited to provide an offering that enables advisors to collaborate with WisdomTree to help deliver portfolios for their clients so they could spend more time building their businesses and deepening client relationships,” Thomas Skrobe, WisdomTree product solutions head, said in a statement. “We believe that providing a full range of portfolio services is a growth opportunity for the advisors we serve and well-positions us to provide timely insights and drive incremental flows.”
A new Model Portfolio filter can help advisors find a WisdomTree CIO-managed model portfolio that is most suitable for their client’s needs, allowing advisors to filter by investment objective, risk profile, single or multi-asset class, region and platform, the firm said.
Roughly 2,000 U.S. advisors have at least one account that uses WisdomTree managed models, with over 1,000 advisors added in the past 12 months. The firm looks to add another 1,000 advisors using WisdomTree’s models by the end of this year.
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