According to a news release, the Focused Fund Service Gateway provides investors with access to an array of asset classes, allowing them to tailor individualized asset allocations for their portfolios with a bundle of mutual funds and services “wrapped” in a managed product under one fee. The product is being offered through a partnership with RBC Dain Correspondent Services. Thrivent Investment Management Inc. is a subsidiary of Thrivent Financial for Lutherans, a not-for-profit Fortune 500 financial services organization with nearly three million members.
The announcement said wraps allow investors to receive advice from their financial consultant, multiple trading costs wrapped into a single fee, a variety of different money managers and investment styles and enhanced reporting and administrative services.
Dave Kloster, director of non-proprietary investments and insurance for Thrivent Financial for Lutherans said the new product will help strengthen the relationship between clients and the program’s advisors. “Regular portfolio reviews are a key part of a wrap program and these reviews reveal a member’s goals and risk tolerance, both of which can change over time,” Kloster said in the statement. “This program helps our financial consultants understand our members’ needs even better than they already do.”
Other benefits include:
- access to approximately 120 fund options
- access to virtually every asset class with multiple choices for many
- customized asset allocation models for five different investment temperaments that are updated quarterly, complete with specific product recommendations.
- the ability to combine Thrivent Investment Management funds with outside offerings.
For more information, go to www.thrivent.com .
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