Ex-Merrill ETF Maven Unveils New Range Of Model Portfolios

Ex-Merrill ETF Maven Unveils New Range Of Model Portfolios

After leaving Merrill Lynch a year ago to assume a post as chief investment officer of Global X, Jon Maier is back doing what he does best: building model portfolios.

Former Merrill Lynch ETF maven Jon Maier has launched a new range of model portfolios.

Maier left Merrill in May last year to take up the role of CIO at ETF provider Global X, which has now partnered with financial technology firm, GeoWealth, to launch the Global X ETF Model Portfolios by Jon Maier.

The models, which went live earlier this month, consist of two standalone portfolios, Thematic Disruptors and Equity Income, as well as a risk-based range called Core Series.

The models will be comprised of six to 15 ETFs from Global X as well as third-parties including iShares, State Street Global Advisors and JP Morgan.

All portfolios will be managed by Maier who previously oversaw around $40 billion in assets in the Merrill Lynch ETF models, which became known as the ‘Maier models’ during his time there.

Global X will not charge a fee on the portfolios beyond the management fees on the ETFs included in the portfolios, according to a spokesman for the firm.

Global X’s individual ETF expense ratios average 63 basis points, ranging from 19 basis points (Global X Scientific Beta US ETF) to 284 basis points (Global X SuperDividend® Alternatives ETF).

The Thematic Disruptors model portfolio will include a mix of ETFs that aim to capture sector, industry and geographic themes. Picking predominantly, but not exclusively, from Global X’s own funds, ETFs will be selected and weighted to tilt towards higher growth opportunities while anchored by traditional sector ETFs.

Global X manages $10.1 billion in assets as of May 25, 2018. Since the firm’s launch in 2008, Global X has become known for developing ETFs that gain exposure to companies in disruptive industries across, technology, natural resources, people and demographics, and values based businesses. The suite, called Thematic Access, accounts for 19 of Global X’s 54 ETFs including the $2.5 billion Global X Robotics & Artificial Intelligence ETF (BOTZ) and the $967 million Global X Lithium & Battery Tech ETF (LIT).

The Equity Income model portfolio will have a high-income objective utilizing income-generating ETFs and industry sector ETFs to mitigate concentration risk associated with certain high-yield strategies. Global X’s income ETF family includes the SuperDividend ETFs and a series of alternative MLP, energy and preferred ETFs. The portfolio will include Global X’s own ETFs alongside other providers’ funds.

The Core Series will be a set of the five risk-based models that will range from conservative to aggressive, according to Jack Hannah, managing director at GeoWealth. The models will include a mix of thematic, equity and fixed income ETFs. The portfolio will be comprised of Global X’s own ETFs alongside other providers’ funds.

Advisors who want access to Maier’s models can purchase them through GeoWealth’s platform for one asset-based fee, Hannah told Citywire.

In addition to GeoWealth’s proprietary model portfolios and Global X’s, the platform also offers JPMorgan Global Tactical models and State Street ETF model portfolios.

‘We’re extremely glad to be working with an institution like GeoWealth to help bring these ETF model portfolios to life,’ Maier said. ‘Our aim is that these models could provide an efficient way to potentially benefit from thematic trends in addition to a multi-factor approach to core investing.’

GeoWealth Expands ETF Model Portfolio Offering With Addition Of State Street Global Advisors And Global X

GeoWealth Expands ETF Model Portfolio Offering With Addition Of State Street Global Advisors And Global X

In The News

GeoWealth Expands ETF Model Portfolio Offering With Addition Of State Street Global Advisors And Global X

May 29, 2018 — GeoWealth, a leading financial technology and investment advisory firm, today announced the addition of two new strategic partners to its integrated wealth management technology platform. The addition of State Street Global Advisors and Global X to GeoWealth’s model portfolio offering provides financial advisors who use GeoWealth’s platform with streamlined access to these industry-leading ETF model portfolios.

Both partners’ ETF model portfolios offer risk-based and specialized models that integrate multi-asset and diversified-factor ETF capabilities. With GeoWealth’s cloud-based wealth management technology platform, advisors can now offer their clients greater choice when selecting broadly diversified portfolios. They can also give their clients the important benefits of an ETF model portfolio in a single easy-to-access, easy-to-manage investment designed to provide compelling solutions for clients across the risk spectrum.

“We are excited to partner with GeoWealth to deliver our innovative and diversified range of ETF model portfolios to their platform,” said Alastair McKibbin, Head of ETF Managed Portfolio Solutions at State Street Global Advisors. “By combining GeoWealth’s holistic technology with our broad range of risk-based and outcome-based ETF model portfolios, GeoWealth’s clients looking to scale their business and outsource investment management can now access State Street Global Advisors’ ETF model portfolios to help meet their clients’ investment objectives.”

“We’re extremely glad to be working with an institution like GeoWealth to help bring these ETF model portfolios to life,” said Jon Maier, CIO at Global X. “Our aim is that these models could provide an efficient way to potentially benefit from thematic trends in addition to a multifactor approach to core investing.”

“Advisors are increasingly implementing ETF-based model portfolio programs with a focus on firm efficiency, compliance, and scale,” said Colin Falls, President of GeoWealth. “With access to an integrated model marketplace of trusted asset managers on the GeoWealth platform, advisors can seamlessly invest their clients in diversified portfolios. With turnkey efficiency and attractive pricing, the GeoWealth offering is truly a win-win for advisors and the clients they serve.”

ABOUT GEOWEALTH
GeoWealth’s cloud-based financial technology platform empowers advisors to grow faster and to serve their clients more efficiently. With over 250 advisors and more than $4.6B in assets on its platform today, GeoWealth provides its customers with digital advisory tools, flexible portfolio management and accounting, and an automated back office module that supports cost-efficient and compliant business practices, as well as a growing suite of model portfolios that helps deliver exceptional value to their clients. More information is available at https://www.geowealth.com.

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J.P. Morgan offers ETF Model Portfolios through Cloud-Based Advisor Technology GeoWealth

J.P. Morgan offers ETF Model Portfolios through Cloud-Based Advisor Technology GeoWealth

elationship with GeoWealth, a leading wealth management technology platform for financial advisors, to offer digital model portfolios designed by J.P. Morgan’s Multi-Asset Solutions team. The five risk-based JPMorgan Global Tactical Models, featuring J.P. Morgan’s suite of strategic beta ETFs, will be delivered to registered investment advisors by GeoWealth’s end-to-end cloud-based advisor technology.

Focused on efficient diversification and tactical insights, and implemented via ETFs, the new asset allocation models meet an increasing demand for sophisticated investment solutions with an efficient cost structure.

“J.P. Morgan has been delivering custom asset allocation solutions to investors for decades and through many market cycles. With an increasing focus on how clients access this expertise and at what cost, we believe these ETF model portfolios offered through GeoWealth’s technology will fill a gap in the market,” said Jillian DelSignore, Head of ETF Distribution for J.P. Morgan Asset Management.

“Our clients are looking for access to top notch investment capabilities that can be easily accessed through our end-to-end advisor technology. J.P. Morgan’s technology-enabled model portfolios offer a uniquely differentiated solution that can help advisors efficiently manage and grow their business,” said Colin Falls, president of GeoWealth.

These models will be available to financial advisors beginning in April 2017.