Schwab launches retirement package for advisers

Charles Schwab & Co. Inc. of San Francisco has launched the Schwab Advisor Portfolio and a 2050 target…

Charles Schwab & Co. Inc. of San Francisco has launched the Schwab Advisor Portfolio and a 2050 target date fund for retirement plans.
Using Schwab Advisor Portfolio, financial advisers and third-party administrators may select account investments from among all assets that can be held or traded by Charles Schwab & Co., including stocks, bonds and exchange traded funds.
Typically, advisers who use managed accounts in a retirement plan decide to work with a third-party bank that serves as a trustee over those assets. Schwab Advisor Portfolio provides both trading and custody services, in addition to directed trustee services, through The Charles Schwab Trust Co., all in one packaged solution.
Retirement plan advisers who work with Schwab Institutional will have access to the firm’s managed account platform with Schwab Advisor Portfolio via Managed Account Select, Managed Account Access and Managed Account Marketplace. These are Schwab programs for money managing, and for fixed-income and equity strategies.
The Schwab Managed Retirement Trust funds are collective trust funds that are tied to target retirement dates 2010, 2020, 2030, 2040 and, now, 2050. A sixth fund, the Schwab Managed Retirement Trust Fund — Income, is designed to provide income during retirement.

ThomasLloyd offers a long-short fund
ThomasLloyd Global Asset Management (Americas) LLC of Pleasantville, N.Y., has unveiled a long-short mutual fund that will focus on U.S. equities.
The ThomasLloyd Long-Short Equity Fund will combine a disciplined traditional approach financial market analysis with modern portfolio techniques. The fund, managed by Charles White, will have the flexibility to invest where the manager thinks the best opportunities are and won’t be constrained by industry, market capitalization or style boxes.
Hugh Johnson and Johnson Illington Advisors LLC of Albany, N.Y., will serve as advisers to the fund.
The fund gives the ThomasLloyd Funds a second portfolio, joining the OPTI-flex Fund — a Lipper Leader for total return and tax efficiency for the three-year period ended Nov. 30 in Lipper’s Multi-Asset Flexible classification.

New Thompson tool for brokers’ books
Thompson Financial, a New York-based unit of the Thompson Corp. in Stamford, Conn., now offers the Thompson ONE Book Management module.
Book Management allows advisers to manage and organize a large book of business to increase productivity, assets under management and commission fees earned.
Advisers can use the tool to manage their entire book of business and monitor the risk associated with client accounts and plans.
It mines underlying data, sets a series of alerts and drives more action to the desktop. That allows wealth managers to monitor market effects of client portfolios and to quickly identify new opportunities or mitigate potential risks.
Book Management allows for customized organization and data filtration around individual business styles. Messaging capabilities include the ability to send firmwide messages and stay in contact with representatives.

Tool eases consolidation of data from custodians
CashEdge, based in New York, has expanded the functionality of AllData, its customized data consolidation solution.
AllData allows advisers to direct data feeds from leading custodians and to consolidate client data from multiple adviser portals by registering their own adviser login credentials to access them.
AllData consolidates client data from a wide variety of sources. It provides a simplified setup and maintenance process.
It normalizes the data, assigning industry standard asset identifiers to all positions and transactions and creates a portable “client positions database.”

New Frontier expands LifeCycle software
New Frontier Advisors LLC in Boston has introduced an enterprisewide version of its LifeCycle financial planning software.
The LifeCycle software estimates the likelihood of achieving an individual’s goals relative to available assets for investment, time horizon, investment plan and risk preferences using mathematical and statistical technology.
AssetMark Investment Services Inc. of Pleasant Hill, Calif., was the first to use the technology for advisers — through its web-based Financial Independence Calculator.