Page 41 - Investment Advisor September 2021

Adhesion Wealth, in September services. Of these, 27% who don’t charge a fee are considering
2020, launched Personal Indexes charging, while 39% charge a flat fee.
with ESG Overlay, an investment
solution for advisors that delivers customized investment Laserfiche, a software develop-
options to fit a client’s individual values and investment ment company, published an
objectives. The solution enables advisors to select a starting e-book, “Lessons Learned: Ensuring Continuity, Resiliency
index; choose from a menu of environmental, social and gov- and Growth Through Digital Transformation,” which
ernance screens; then select one of a series of factor modules, explores how companies can take what they learned through-
such as volatility dampening, income production or momen- out 2020 and apply it to their business practices and docu-
tum, to create their own direct index to be used within an ment management to boost operational resiliency in coming
Adhesion unified managed account. The resulting vehicle years. During the pandemic, financial services firms were
allows for active tax management, low-cost investing, indi- forced to accelerate digital transformation and rapidly shift
vidual tax lot ownership, client personalization and high dif- to remote work. The e-book identifies the challenges these
ferentiation for advisors. advisors face and how they can design a connected digital
platform, leverage cloud-native capabilities to solve opera-
Advisor360° is a wealth manage- tional and compliance problems efficiently and craft the
ment platform that unifies the optimal client experience.
systems and data that advisors need to run their businesses
and support their clients. Its Unified Data Fabric aggregates Proteus introduced in January
and normalizes more than 400 data feeds into one system, giv- three model portfolios to its
ing advisors real-time updates at a household level and investment platform lineup of more than 40 alternative funds
empowering them with the information needed to better serve based on investors’ risk preferences — conservative, moderate
clients and make effective decisions on their clients’ behalf. and aggressive. These model portfolios are available to quali-
The platform is modular. Enterprises can gain new features fied purchasers and accredited investors, and provide curated,
without extensive integration and customization work and diversified exposure to institutional-quality private equity,
avoid creating future legacy systems. Recent enhancements private credit, real assets and hedge funds. The model portfo-
include a new rules engine to normalize and ingest feeds for lios are constructed from up to 18 different funds and can be
fixed insurance products to the platform. accessed for a minimum of $250,000 with one online subscrip-
tion process. Proteus and its research partner Callan Associates
CHIP (Changing How Individuals Prosper) source, perform due diligence and select institutional funds
is a B2B2C financial services market- for each model, thereby streamlining the investment process
place that bridges the gap between con- for advisors.
sumers of financial products and
financial professionals of color. Its mission is to close the
racial wealth gap by collaborating with companies, organi- PRODUCTS, PROGRAM & SERVICES – OTHER
zations and other financial technology platforms that share
this vision. CHIP founder and CEO Dana L. Wilson devel- Arnerich Massena’s Intentional
oped the marketplace after graduating from a historically Investing is the firm’s conceptual
Black college and university. Wilson has been featured on framework for constructing portfolios that are built for long-
more than 20 media platforms, where she has shared her term success while also positioning them in ways that contrib-
personal story, while also speaking on the importance of ute to a greater good and support the personal values of each
inclusion in financial services. investor. The company has been conducting research into
impact and sustainable investment strategies since 2009, and
Envestnet | MoneyGuide surveyed in 2019 it began offering complete multi-asset class portfolios
1,600 advisors in September 2020 consisting entirely of investments with an impact focus.
on the state of the financial plan- Arnerich Massena applies its proprietary research process to
ning industry, along with their outlook on fees. The research is identify investments that will offer the best opportunity for its
to educate advisors on where the industry is headed and pro- clients to participate in building an intentional future.
vide them with benchmarks and guidance for how to stay one
step ahead. It found that as financial planning becomes more Beacon Pointe’s allWEALTH
accessible, 75% advisors charge some type of planning fee, and program is executed through a
about a third of these are now considering implementing a dif- newly defined and tangibly charted path across three key
ferent fee model. Seven percent of advisors provide virtual areas. They are 1) access to institutional quality investments

SEPTEMBER 2021 INVESTMENT ADVISOR 39