Investment Products and Services Launches

EPIC incorporates StoryLine to platform; Sterling Capital adds R6 share class to select mutual funds; and PAAMCO launches alternative beta tool.

EPIC Incorporates StoryLine to Platform

Stadion Money Management, provider of participant level, customized retirement solutions, announced that EPIC Advisors added StoryLine, Stadion’s 401(k) managed account solution, to its retirement platform.

StoryLine, built with SPDR ETFs, is a retirement planning solution built specifically for 401(k) participants in adviser-sold plans. StoryLine offers plan level customization with the option of participant level customization, which Stadion sees as a distinct improvement over “one size fits all” target-date strategies.

Through StoryLine’s participant-centric web interface, employees will be encouraged to define their individual investment paths based on personal risk profiles, expectations, and goals. StoryLine will also allow— at the employee’s discretion—the inclusion of outside assets to facilitate more comprehensive retirement planning. The end goal of this is to have each participant on a retirement path personalized to their own circumstances and needs.

“StoryLine has made significant inroads in the delivery of participant-friendly, customized retirement planning, a much-needed solution given the potential retirement savings gap facing many Americans,” says Manny Marques, president of EPIC. 

StoryLine helps financial advisers deepen their relationships with sponsors and participants by engaging them at the plan level with tailored solutions. In turn, sponsors are able to offer their employees access to individual personalized planning that goes beyond typical age- and risk-based investment strategies.

Sterling Capital Adds R6 Share Class to Select Mutual Funds

Sterling Capital Management LLC announced that its Capital Funds have added the R6 share class for seven of its mutual funds, which offers eligible clients a share class without shareholder servicing fees or sales charges. In addition to the R6 share class, all 25 Sterling Capital mutual funds are available in A, C and Institutional share classes.

As of February 1, 2018, the R6 share class is available for the following mutual funds:

  • Sterling Capital Behavioral Large Cap Value Equity Fund (STRAX)
  • Sterling Capital Behavioral Small Cap Value Equity Fund (STRBX)
  • Sterling Capital Behavioral International Equity Fund (STRCX)
  • Sterling Capital Equity Income Fund (STREX)
  • Sterling Capital Special Opportunities Fund (STRSX)
  • Sterling Capital Mid Value Fund (STRMX)
  • Sterling Capital Total Return Bond Fund (STRDX)

“We are very excited about launching our R6 share class,” says John W. McAuley, CIMA, head of Sales and Client Service. “We look forward to bringing this new investment option to market within the defined contribution space.”

This new share class is available to eligible employer-sponsored retirement plans such as 401(k) plans, 457(b) plans, 403(b) plans, profit-sharing plans and money purchase pension plans, defined benefit (DB) plans, and nonqualified deferred compensation (NQDC) plans.

PAAMCO Launches Alternative Beta Tool

Pacific Alternative Asset Management Company, LLC (PAAMCO) launched PAAMCO Alternative Beta, the latest tool in the firm’s suite of institutional liquid alpha solutions.

PAAMCO Alternative Beta offers a portfolio of alternative risk premia diversified across strategies, asset classes and implementations.  It aims to have little directionality to traditional markets at a lower cost than traditional hedge fund investments.

Lisa Fridman, CFA, CQF and Philippe Jorion, PhD are co-heads of PAAMCO Alt Beta. Fridman will also continue in her role as Global Head of Research for PAAMCO; Jorion will remain head of Risk Management for PAAMCO.   

“Passive management has transformed the asset management industry with index funds.  The next wave of innovation was ‘smart beta’ funds.  Now, ‘alt beta’ funds are primed to be the next step,” says Jorion. “We believe alt beta products can be harnessed to add value to investor portfolios through proper component selection and structuring.” 

“We believe PAAMCO is in a strong position to provide a diversified alternative beta solution,” says Fridman.  “We see investors looking for diversifying sources of returns to traditional asset class allocations while focusing on costs. I am thrilled that we are able to add PAAMCO Alt Beta to the suite of tools.”