CHARLOTTE, N.C., May 23, 2019 /PRNewswire/ -- As consumer demand
for affordable, professionally managed investments continues to
grow, Ally Invest, the brokerage and wealth management arm of Ally
Financial, announced it will be rolling out a series of new,
professionally managed portfolio offerings throughout 2019.
Available immediately are two new offerings: a tax-optimization
feature that can be applied to any Ally Invest managed portfolio
and a new income-based managed portfolio.
"We know our customers' investment needs are not
one-size-fits-all. In addition, not all investment strategies are
created equal. Income generation is a fast growing need area for
our clients and investors at large," said Lule Demmissie, president of Ally Invest. "Our
goal is to combine the ease-of-use, transparency, and low-cost of
digitally managed portfolios with the benefits of more relevant and
custom investment options that further each investor's individual
goals. Continuing to expand our suite of managed portfolio
offerings gives us a nearly unlimited ability to do that."
Ally Invest's Tax Advantaged Portfolios are a more tax-efficient
version of the firm's core portfolios. They are constructed with a
particular asset allocation, featuring municipal bonds, that is
designed to be tax-efficient while still providing returns in line
with the customer's goals.
The new Income Portfolio offers investment options that are
focused first-and-foremost on providing near-term income while also
preserving and continuing to grow customers' overall assets. This
portfolio offers a greater concentration of high dividend/yield
securities along with fixed income securities. The Income Portfolio
is ideal for customers who are in or nearing retirement and can
benefit from ongoing income distributions or for customers
interested in using the yield from their portfolio to help pay
current expenses.
In addition to these two variations on Ally Invest's portfolio
offerings, the firm plans to introduce a set of socially
responsible portfolios and tax-loss harvesting capabilities later
this year.
All of Ally Invest's Managed Portfolios are specially designed
for investors seeking the benefits of professional portfolio
management with the low management fees of automated investing.
When investors open a managed investment account with Ally Invest,
Ally recommends the ideal portfolio based on the investor's
specific needs, risk tolerance, and goals. All portfolios are
allocated across a wide range of diversified low-cost index
funds, and investors have the ability to adjust their risk
tolerance at any time. These portfolios are carefully monitored and
continually updated based on risk-tolerance and market
conditions.
Ally Invest is the brokerage and wealth management offering from
Ally that exists alongside the firm's award-winning online
banking products. Ally Invest offerings consist of a low-cost
trading platform for self-directed investors, as well as a suite of
affordable, automatically-managed investment portfolios, both
delivered through a fully-transparent online process. The
combination of low-cost investing with Ally's competitive
deposit products gives customers a powerful value proposition
for managing their financial well-being.
About Ally Financial Inc.
Ally Financial Inc. (NYSE:
ALLY) is a leading digital financial-services company with assets
of $180.1 billion as of March 31, 2019. As a customer-centric company
with passionate customer service and innovative financial
solutions, we are relentlessly focused on "Doing it Right" and
being a trusted financial-services provider to our consumer,
commercial, and corporate customers. We are one of the largest
full-service automotive-finance operations in the country and offer
a wide range of financial services and insurance products to
automotive dealerships and consumers. Our award-winning online bank
(Ally Bank, Member FDIC and Equal
Housing Lender) offers mortgage-lending services and a variety of
deposit and other banking products, including savings,
money-market, and checking accounts, certificates of deposit (CDs),
and individual retirement accounts (IRAs). We also support the Ally
CashBack Credit Card. Additionally, we offer securities-brokerage
and investment-advisory services through Ally Invest. Our robust
corporate finance business offers capital for equity sponsors and
middle-market companies.
For more information and disclosures about Ally, visit
https://www.ally.com/#disclosures.
Media Contacts:
Andrea Puchalsky at Ally
313-656-3798
Andrea.Puchalsky@ally.com
Sue Parente at Tier One Partners
781-642-7788
sparente@tieronepr.com
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SOURCE Ally Financial