CHARLOTTE, N.C., Aug. 27, 2018 /PRNewswire/ -- Providing
customers a greater opportunity to diversify their investments and
specialize in any corner of the market, Ally Invest today announced
a unique set of more than 100 commission-free exchange-traded funds
(ETFs) available now to customers through its online trading
platform. Ally Invest offers all WisdomTree ETFs
commission-free, as well as a number of other commission-free
funds, including ones focused specifically on the environmental,
social and governance sector.
"ETFs are investment funds traded on stock exchanges, much like
stocks, that appeal to all types of investors – from passive
investors who want to diversify their portfolios to more active
investors who are looking to use sector or specialty funds to gain
more exposure to a particular segment of the market," said
David Dusseault, executive director
of Ally Invest. "We're proud to introduce commission-free ETFs from
some of the industry's most innovative and admired providers and
give our customers even more choice when it comes to their
investing preferences."
WisdomTree offers a full range of ETFs covering domestic,
international and global equities, fixed income, currencies,
commodities and alternative strategies. The company pioneered the
concept of fundamentally weighted ETFs (also referred to as "smart
beta") and active ETFs.
In addition to the WisdomTree ETFs, more than 30 iShares® ETFs
from BlackRock are offered by Ally Invest to give investors further
opportunities to diversify and integrate socially-conscious
investing into their portfolios with a range of markets and
strategies to suit a variety of investment goals. Common themes for
socially-responsible funds include investments in companies engaged
in social justice, environmental sustainability and alternative
energy/clean technology efforts.
"Ally and WisdomTree share a similar philosophy of using
innovation to deliver the very best value for investors," said
Kurt MacAlpine, WisdomTree executive
vice president and global head of distribution. "Particularly in
today's investing climate, we believe investors shouldn't have to
choose between cost efficiency and performance potential. Our
Modern Alpha™ investment strategies combine the
outperformance potential of active management with the structural
benefits of ETFs to offer investors products that are built for
performance."
Ally Invest will be notifying customers in the coming months of
free educational offerings to equip them to trade ETFs more
knowledgeably and strategically. The commission-free ETFs are
available immediately from Ally Invest.
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 WisdomTree
WisdomTree Investments, Inc.,
(NASDAQ: WETF) through its subsidiaries in the U.S., Europe and Canada (collectively, "WisdomTree"), is an
exchange-traded fund ("ETF") and exchange-traded product ("ETP")
sponsor and asset manager headquartered in New York. WisdomTree offers products covering
equities, fixed income, currencies, commodities and alternative
strategies. WisdomTree currently has approximately $58.8 billion in assets under management
globally.
About Ally Financial Inc.
Ally Financial Inc. (NYSE:
ALLY) is a leading digital financial services company with assets
of $171.3 billion as of June 30, 2018. As a
client-centric company with passionate customer service and
innovative financial solutions, Ally is relentlessly focused on
"Doing it Right" and being a trusted financial partner for its
consumer, commercial, and corporate customers. Ally's 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 CDs,
online savings, money market and checking accounts, and IRA
products. Ally also promotes the Ally CashBack Credit Card.
Additionally, Ally offers securities brokerage and investment
advisory services through Ally Invest. Ally remains one of the
largest full-service auto finance operations in the country with a
complementary auto-focused insurance business, which together serve
more than 18,000 dealer customers and millions of auto consumers.
Ally's 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.
Contact:
Andrea Puchalsky
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