News Mentions & Press Releases
CHICAGO, July 14, 2015 /PRNewswire/ — Envestnet | Retirement Solutions (ERS), a majority-owned subsidiary of Envestnet, Inc. (NYSE: ENV), has launched the ERS Fund Strategist Network (Network), a roster of institutional-grade and boutique strategic and dynamic fund strategists. The platform provides retirement plan advisors with access to quality unitized fund strategist portfolios, which are monitored by ERS.
After the strategist assessment is completed, fund strategists in the Network submit their models of mutual funds and/or exchange-traded funds (ETFs) to ERS, which facilitates trading and unitization for these portfolios through its model management system. In addition, ERS serves as the 3(38) investment manager on behalf of 401(k) plan sponsors for the fund strategist portfolios available through the platform.
More information about ERS and the ERS Fund Strategist Network is available at http://www.envestnet.com…
The first sign of trouble on the New York Stock Exchange was a color — a sickly yellow.
On the hand-held computers on the cavernous trading floor, that color meant one thing: the Big Board was down.
What began Wednesday morning with a seemingly workaday software glitchsoon escalated into one of the most startling computer outages in Wall Street history — and, for the Big Board, a race against the clock.
At the 9:30 a.m. opening bell, traders’ orders for some stocks weren’t reaching the proper destinations for processing. Techies were frantic to fix the problem. At about 9:32 a.m., they succeeded.
Two hours later, boom….
Maybe the timing wasn’t a coincidence.
A week before the annual celebration of American independence and democracy brought a joint announcement from Riskalyze and CLS Investments concerning the launch of “Autopilot,” an automated asset management platform for financial advisors.
The objective, outspoken Riskalyze CEO Aaron Klein recently explained, is “to democratize access to quality financial advice by demolishing the barriers that traditionally prevent it.”
Riskalyze is the company behind the Risk Number concept, which is a quantitative way to pinpoint client risk tolerance. CLS Investments is a third party money manager and exchange traded fund strategist.
“You might have a 401(k) plan with 200 participants, but only about 10 participants have enough assets to get access to quality advice,” he continued. “With Autopilot, there is now a solution for all 200 clients to get that advice and get the Risk Number right.”…
Global investors are hedged against a potential exit of Greece from the euro zone ahead of Sunday’s referendum, but they’re not betting on a huge fallout in financial markets even if there is a negative outcome.
Currency, bond, and equity investors have turned defensive, trimming exposure in the euro zone. They’re generally of the mindset, though, that a last-minute deal will be struck and it will be an opportunity to snap up euro zone assets again.
Greeks are set to vote on Sunday on whether to accept austerity terms in order to continue receiving international aid. Most U.S. investors expect them to approve the terms, though polling in Greece is unclear…
Advisors aren’t starving for choices among robos and digital tools, but the rollout frenzy continues.
Just on the heels of Schwab’s institutional robo offering, two more went live: Autopilot, a robo hybrid from CLS Investments and Riskalyze and Market Movement Strategies, a hybrid for advisors from Cincinnati, Ohio-based FTJ FundChoice that the firm says will offer a lower cash allocation requirement than Schwab’s.
Beyond that, New York startup Everplans launched a digital estate planning tool for advisors and two former industry executives launched RightCapital, a financial planning software platform targeting retail and institutional clients.
ADVICE ON AUTOPILOT?
Autopilot, from CLS Investments and risk profiling startup Riskalyze, has been in beta for the past three months. The firms claim hundreds of investment advisors across the country have signed up for the tool in that time…
European stock markets lost ground Thursday, with investors still looking for a resolution to the long-running talks over Greece’s debt crisis
The Stoxx Europe 600 index SXXP, +0.15% ended lower by 0.2% at 396.30, with only the technology, telecommunication and financial sectors finishing higher. The basic materials, utility and energy sectors put in the worst performances.
Equity markets across the region briefly spiked to intraday highs following media reports that a European Union official said Greece documents could be the basis for a deal with the country’s creditors. Cash-strapped Greece needs an economic reform plan to be agreed upon before it can access fresh bailout funding.
But indexes eventually edged away from their strongest levels as it emerged Athens had not accepted the documents put forward…
An automated asset management platform from CLS Investments and Riskalyze is now live.
Autopilot, a lower-cost solution that allows advisers to combine client self-service capabilities with personalized service, mixes investment management by CLS with Risk Number technology from Riskalyze.
According to Aaron Klein, chief executive at Riskalyze, the Autopilot platform has been in testing for the last two months, with 500 advisers signed up. The technology helps advisers democratize access to their advice, Klein says, noting that the scalability of the technology can be a boon to advisers who serve 401(k) plans. “They can profitably serve those account holders with smaller assets,” Klein tells PLANADVISER. “It will demolish the barrier between smaller investors and access to the advice they need to thrive.”….
OMAHA, NE and SACRAMENTO, CA–(Marketwired – June 25, 2015) –
- 500+ advisors signed up to implement Autopilot in the last 3 months
- Autopilot offers advisors the only automated asset management platform built on the power of the Risk Number™
- Autopilot empowers advisors to revolutionize their business model, profitably serve clients large and small, and democratize access to investment advice
- Autopilot allows advisors to snap a next-generation client service platform into their firm’s existing website with a few clicks
CLS Investments, LLC (“CLS”), a third party money manager and leading Exchange Traded Fund (“ETF”) strategist, and Riskalyze, the company that invented the Risk Number™, the first-ever quantitative way to pinpoint client risk tolerance, announced today that “Autopilot,” a pioneer automated asset management platform for financial advisors, has gone live…
A Grexit may actually be the best solution for both Greece and the rest of Europe in the long run.
So says Paula Wieck, a portfolio manager at CLS Investments, who argues that markets will over-react negatively if Greece the Eurozone. In a note submitted to us, Wieck writes that initially, a Grexit would result in high Greek inflation, a weakened currency, and a rattled financial system. However, she adds:
“Once its currency stabilized and it started its own form of quantitative easing, all without the strict bailout rules currently in place, it could slowly put its economic and financial system back together…
Modest gains for U.S. stocks gave way to small losses Wednesday as investors waited for a policy statement from the Federal Reserve and remarks by Chairwoman Janet Yellen.
The central bank concludes its two-day meeting today at 2 p.m. Eastern, followed by Yellen’s news conference at 2:30 p.m. Most analysts expect no rate changes at this point but market participants will be searching for clues in the central bank’s statement and news conference on the timing of the first rate hike in nearly a decade and the pace of any subsequent moves.
The S&P 500 SPX, -0.04% was down 5.98 points, or 0.3%, at 2,090.29 after trading earlier above 2,103. The Dow Jones Industrial Average DJIA, -0.01% was off 38.94 points, or 0.2%, at 17,865.54. The Nasdaq Composite COMP, -0.04% lost 8.12 points, or 0.2%, to 5,047.24.
Marc Pfeffer, senior portfolio manager at CLS Investments, said nobody expects a rate change from the Fed on Wednesday, but guidance about policy will move markets.