WisdomTree Investments, Inc. (NASDAQ: WETF), an exchange-traded
fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset
manager, announced today its model portfolio collaboration with
55ip, a financial technology company, is live.
With the needs of the 2021 investor at the forefront,
WisdomTree’s model portfolios combined with 55ip’s technology
enable advisors to transition clients into diversified WisdomTree
model portfolios while managing capital gains. Driven by 55ip’s
tax-smart investment strategy engine, the new offering uses
intelligent automation to help advisors unlock efficiencies,
achieve scale and deliver a more transparent model portfolio
selection experience to their clients.
Tom Skrobe, WisdomTree Head of Product Solutions, said, “The
investment industry is at an inflection point. Coming out of 2020,
with a new administration in place and the idea of a post-pandemic
world beginning to take shape, investors are rethinking their
investment strategies -- and, by extension, holdings -- in a very
comprehensive way. They’re thinking about transitions into new
themes and re-assessing existing priorities based on their evolving
risk appetite. Tax considerations have long been an obstacle for
investors looking to incorporate models into their portfolios --
we’re changing that.”
Through the 55ip integration, advisors and their clients can
access:
- ActiveTax Technology®, including tax-smart transition,
management (including tax-loss harvesting), and withdrawals
combined with WisdomTree model portfolios through the
advisor-friendly 55ip solution.
- Automated trading and rebalancing in the 55ip platform,
streamlining account management.
- Customized client reporting including Tax Savings Reports that
showcase value.
Added Skrobe, “We pride ourselves on a level of agility and
innovation matched only by the pioneering mindset of the investor.
Aligning the tax implications of conversions with model portfolios
in an efficient and transparent manner is the type of innovation
that moves the industry needle.”
The solution utilizes WisdomTree’s Modern Alpha® ETF Model
Portfolios, first launched in 2013 with growth, income and wealth
preservation investment objectives in mind. The Modern Alpha ETF
Model Portfolio family combines the opportunities of active
management, such as potential of outperformance against a
benchmark, with the benefits of passive management. The
Siegel-WisdomTree Model Portfolios, unique multi-asset, open
architecture portfolios, are a particularly strong example of the
kind of innovation in the Modern Alpha family, as innovative
alternatives to the traditional 60% Equity/40% Fixed Income
portfolio strategy.
The new solution’s onboarding process follows three
straightforward steps:
- Advisors select the WisdomTree Modern Alpha® ETF Model
Portfolio that best aligns with a client’s goals on the 55ip
platform.
- Based on the client’s portfolio, the solution generates a
tax-smart plan to transition the assets to the new model portfolio
over time.
- Advisors receive proposal and reporting information to share
with clients, helping them understand the potential tax advantages
with ongoing, automated tax management.
The solution is currently available to Registered Investment
Advisors within the WisdomTree ecosystem and is expected to be
expanded in the future to additional channels including independent
broker-dealers. For more information, visit
wisdomtree.com/55ip.
The arrangements referenced above are memorialized via a
licensing agreement with 55ip whereby WisdomTree has provided a
license to 55ip for displaying applicable WisdomTree model
portfolios on the 55ip solution to be accessed by advisors in their
own discretion. WisdomTree makes no representations, warranties,
endorsements or recommendations regarding 55ip, its products or
services.
Neither WisdomTree Investments, Inc., nor its affiliates, nor
Foreside Fund Services, LLC, or its affiliates provide tax advice.
All references to tax matters or information provided are for
illustrative purposes only and should not be considered tax advice
and cannot be used for the purpose of avoiding tax penalties.
Investors seeking tax advice should consult an independent tax
advisor.
There are risks involved with investing, including possible loss
of principal.
This information and the model portfolios are not personalized
investment advice or an investment recommendation from WisdomTree,
and are intended for use only by a third party financial advisor,
with other information, as a resource to help build a portfolio or
as an input in the development of investment advice for its own
clients. Such financial advisors are responsible for making their
own independent judgment as to how to use this and all model
portfolio information. WisdomTree does not have investment
discretion over or place trade orders for any portfolios or
accounts of advisors or investors derived from model portfolio
information.
Open architecture means that a model portfolio may include ETFs
other than WisdomTree ETFs.
Investors and their advisors should consider the
investment objectives, risks, charges and expenses of the funds
included in any model portfolio carefully before investing. This
and other information can be obtained in the fund’s prospectus by
visiting www.wisdomtree.com for WisdomTree Funds. Please read the
prospectus carefully before you invest in a fund.
Jeremy Siegel serves as Senior Investment Strategy Advisor to
WisdomTree Investments, Inc., and its subsidiary, WisdomTree Asset
Management, Inc. (“WTAM” or “WisdomTree”). He serves on the Asset
Allocation Committee of WisdomTree, which develops and rebalances
WisdomTree’s Model Portfolios. In serving as a consultant to
WisdomTree in such roles, Mr. Siegel is not attempting to meet the
objectives of any person, does not express opinions as to the
investment merits of any particular securities and is not
undertaking to provide and does not provide any individualized or
personalized advice attuned or tailored to the concerns of any
person.
WisdomTree Funds are distributed by Foreside Fund Services, LLC,
in the U.S. only.Foreside Fund Services, LLC is not affiliated with
the other entities mentioned.Thomas Skrobe is a registered
representative of Foreside Fund Services,
LLC.WTPR-20210210-0105
About WisdomTreeWisdomTree Investments, Inc.,
through its subsidiaries in the U.S. and Europe (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 $68.7 billion in
assets under management globally. For more information, please
visit www.wisdomtree.com or follow us on Twitter
@WisdomTreeETFs.
WisdomTree® is the marketing name for WisdomTree
Investments, Inc. and its subsidiaries worldwide.
Contact Information
Media RelationsWisdomTree Investments, Inc.Jessica
Zaloom+1.917.267.3735jzaloom@wisdomtree.com /
wisdomtree@fullyvested.com
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