WisdomTree Investments, which is more known for its lineup of ETFs, has rolled out the WisdomTree Advisor Solutions platform to provide financial advisors more tools to grow and scale their businesses.
“This is the next step in our journey as an organization to help advisors grow their businesses,” Thomas Skrobe, WisdomTree Head of Client Solutions, told ETF Trends in a call.
WisdomTree Investments, which offers 87 U.S.-listed ETFs with $45.8 billion in assets under management, launched the WisdomTree Advisor Solutions program on Monday. According to WisdomTree, the new program provides investment research and ETF education; portfolio construction services; ETF Model Portfolios; practice management resources, like access to thought leaders in retirement planning, leadership and behavioral finance; and wealth management technology through AdvisorEngine, a customizable end-to-end platform for advisors that offers access to Kredible by AdvisorEngine, an online credibility optimizer.
“The asset management industry is undergoing rapid change, and technology is disrupting the way advisors do business. Advisors face many challenges such as accelerating regulatory reform, evolving client needs and pressure on fees. The WisdomTree Advisor Solutions program is designed to help advisors navigate these challenges while continuing to scale their businesses,” Kurt MacAlpine, WisdomTree Head of Global Distribution, said in a note.
Related: ETF Managed Portfolios Are Picking Up Pace
Along with its various services, WisdomTree has entered into the separate accounts space with its new lineup of ETF Model Portfolios, or asset allocation models designed to meet client needs. The portfolio construction services will include optimization tools to help advisors hone in on WisdomTree ETFs, along with other options, to build the most suitable portfolio for a target strategy, such as income generation.
“The models offer advisors a macro view delivered by WisdomTree,” Skrobe said. “It offers model portfolios at a competitive fee and may provide excess performance to clients at fees comparable to a beta portfolio.”
Specifically, key features of the WisdomTree Digital Portfolio Developer, an enhanced portfolio construction tool for financial advisors, include options such as stress testing scenarios that look at hypothetical returns during various market conditions, compare portfolios side-by-side based on key metrics, an open architecture platform taht includes over 25,000 mutual funds and ETFs with holdings-level analysis, and easy usability.
For more information on the separate accounts space, visit our ETF managed portfolios category.