Waddell & Reed, Inc. Introduces New Advisory Program
July 02 2019 - 6:45AM
Business Wire
MAPDirect offers access to wide range of
individual mutual funds and exchange-traded funds
The continuing expansion of Waddell & Reed, Inc.’s advisory
program offerings has brought a new addition to its Managed
Allocation Portfolios lineup. The latest offering, MAPDirect,
provides clients and their advisors access to more than 1,800
individual mutual funds and nearly 200 exchange-traded funds (ETFs)
that they can utilize as they build targeted, personalized
investment portfolios.
MAPDirect draws its suite of investment options from more than
30 different mutual fund managers. Waddell & Reed partnered
with the Manager Research Team at Wilshire Associates (Wilshire®)
to evaluate fund families for inclusion, giving advisors and
clients access to institutional-level investment-manager research
when building a portfolio to suit their personal needs.
“MAPDirect gives advisors and their clients the flexibility to
build an investment portfolio utilizing either mutual funds, ETFs
or both, depending on their individual needs and goals,” said
Matthew Reeves, Senior Vice President, Wealth Solutions Group, for
Waddell & Reed, Inc. “It’s another way we’re helping financial
advisors meet a range of client needs and with the guidance of a
professional research team.”
Reeves noted that the program is unique in both its combination
of industry-leading portfolio managers, and its variety of product
choices between mutual funds and ETFs.
Advisors can create diversified portfolios that align with the
personalized investment profile designed for each client to help
identify financial goals and investment preferences. The program
includes allocation recommendations, from conservative to
aggressive, but also gives advisors the flexibility to customize
the portfolio’s asset allocation. After the allocation has been
determined, advisors construct each client’s custom portfolio from
specific product options.
“This is another way that we’re responding to what advisors and
their clients are telling us: they need flexibility, research and
access to a range of quality products as they target their
long-term goals,” said Shawn Mihal, President of Waddell &
Reed, Inc.
MAPDirect is part of the broadening of Waddell & Reed’s
advisory product lineup and providers, and is another step in the
evolution of the Waddell & Reed wealth management business.
MAPDirect adds to Waddell & Reed’s existing lineup of advisory
programs ranging from low account balance ETF model portfolios to
full open architecture advisor manage portfolios. This evolution is
collectively focused on technological enhancements, product
expansion and broadening advisor support.
About Waddell & Reed
Founded in 1937, Waddell & Reed, Inc. is one of the pioneers
of the financial planning industry, providing total planning
services to clients throughout the United States through a network
of independent financial advisors. It is a subsidiary of Waddell
& Reed Financial, Inc. (NYSE: WDR).
Consider all factors. Please remember that an investment
in a managed portfolio involves risk. The investment return and
principal value of an investment will fluctuate, and shares, when
redeemed, may be worth more or less than their original cost. ETFs
are different than mutual funds in that ETFs trade like stocks,
fluctuate in market value and may trade at prices above or below
the ETFs’ net asset value. The portfolios’ risks are directly
related to the risks of the underlying investments. Asset
allocation strategies do not assure a profit and do not protect
against loss.
Financial advisory services are made available through Waddell
& Reed, Inc., in its capacity as a registered investment
adviser. To determine which Waddell & Reed investment advisory
product is most appropriate for you depending on your needs and for
a full description of all managed account products and services,
including fees and expenses, review the Advisory Services Brochure
(Form ADV Part 2) available from your financial advisor or at
www.waddell.com.
Securities and Investment Advisory Services are offered through
Waddell & Reed, Inc., a Broker/Dealer, Member FINRA/SIPC and
Federally Registered Investment Advisor.
Investors should consider the investment objectives, risks,
charges, and expenses of the mutual fund or exchange traded fund
carefully before investing. This and other important information is
contained in the prospectus and, if available, the summary
prospectus which may be obtained from the investment company or a
financial advisor. The prospectus should be read carefully before
investing.
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version on businesswire.com: https://www.businesswire.com/news/home/20190702005056/en/
Roger Hoadley VP, Communications rhoadley@waddell.com
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