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E-Trade Enhances Bond Resources: Tech Roundup

By Jeff Berman

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What You Need to Know

  • Meanwhile, a Dynasty-affiliated RIA partnered with Halo Investing.
  • Apex Fintech Solutions plans to launch an offering in Q3 that makes funds immediately available to investors after sale of U.S. equities.
  • Cuna Mutual Group launches YourTarget Portfolios, a new model portfolio program.

E-Trade has made enhancements to its Bond Resource Center, saying Tuesday that the enhanced BRC is “designed to be a one-stop shop for all customers from the novice investor to the most experienced fixed income trader.”

Almost a third of retail investors (31%) have said they are currently invested in bonds, according to E-Trade’s recent tracking study of experienced investors. The comprehensive experience provided by the enhanced BRC “offers easy-to-navigate and customizable capabilities making it even easier to execute trades, uncover fixed income ideas, and access exhaustive educational content,” E-Trade said.

Enhancements include new screening functionality for beginner and advanced bond traders, customizable fixed income charts, educational resources and on-the-go access.

Dynasty-Affiliated RIA Partners With Halo Investing

Dynasty Financial Partners-affiliated RIA Keebeck Wealth Management partnered with Halo Investing, an independent, multi-issuer technology platform for protective investments, to provide customized structured products to clients, the companies said Wednesday.

Keebeck’s advisors will use Halo to add structured notes, market-linked CDs, buffered exchange-traded funds and annuities to their clients’ portfolios. Keebeck, which has $1.4 billion in assets under management, will also have an advanced suite of tools to analyze, customize, buy and maintain those holdings through Halo, the firms said in a joint announcement.

Halo simplifies the process of adding customized structured products for advisors and investors. Halo will surpass $10 billion in transaction volume in 2021 and has more than 6,500 advisors and 30 leading global banks on its platform, it said.

Dynasty Financial Partners-affiliated RIA Keebeck Wealth Management partnered with Halo Investing, an independent, multi-issuer technology platform for protective investments, to provide customized structured products to clients, the companies said Wednesday.

Keebeck’s advisors will use Halo to add structured notes, market-linked CDs, buffered exchange-traded funds and annuities to their clients’ portfolios. Keebeck, which has $1.4 billion in assets under management, will also have an advanced suite of tools to analyze, customize, buy and maintain those holdings through Halo, the firms said in a joint announcement.

Halo simplifies the process of adding customized structured products for advisors and investors. Halo will surpass $10 billion in transaction volume in 2021 and has more than 6,500 advisors and 30 leading global banks on its platform, it said.

Apex Fintech to Launch New Investor Tool in Q3

Apex Fintech Solutions plans to launch a product in the third quarter of 2021 that it said Wednesday was designed to give investors immediate access to funds after they sell U.S. equity securities, rather than waiting the usual two-day settlement period.

Upon the sale of securities, Apex will settle transactions under normal two-day settlement standards but will provide end investors with immediate access to the cash value of the trade in their accounts, “simulating an instant settlement process,” the company explained.

The offering is expected to be made fully available to Apex clients by the end of the third quarter, it said.

It was announced in February that Apex entered into a definitive agreement with Northern Star Investment Corp. II, a special purpose acquisition company started by New York Islanders co-owner Jonathan Ledecky, that would result in Apex becoming a publicly listed company in the second quarter, after the required approval by Northern Star stockholders and the fulfillment of certain other conditions set forth in the merger agreement.

The terms of the transaction valued the combined firm at about $4.7 billion.

Cuna Launches YourTarget Portfolios

Cuna Mutual Group launched YourTarget Portfolios, a new model portfolio program that it said Wednesday offers plan sponsors and advisors the ability to build custom plans via its Total Retirement Solutions platform.

YourTarget Portfolios is an open architecture program that it said allows plans of all sizes to structure portfolios that are more personalized than traditional target date funds.

The program provides multi-manager, age- and risk-based portfolios from an open-architecture investment universe across active and passive strategies to “optimize plan design and more precisely serve the individual circumstances of plan participants,” the firm said.

YourTarget Portfolios also offers fiduciary protection and support through Envestnet Retirement Solutions, featuring the option to delegate the role of custom portfolio design to a provided ERISA 3(38) fiduciary investment manager to develop, monitor and update portfolios on an ongoing basis.

Jeff Berman

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