Products & Services Launches

Stash, Capitalize Announce New Rollover Partnership

Stash Financial Inc., a financial technology provider, and Capitalize Money Inc., a platform for retirement account transfers, formed a partnership to make it easier for Stash customers to consolidate retirement savings.

Through the partnership, Stash integrated Capitalize’s Embedded Rollover API, enabling customers to transfer legacy 401(k) accounts into individual retirement accounts directly within Stash’s application.

With Capitalize, eligible Stash customers will be able to search for old 401(k) accounts, initiate rollover requests digitally and access guided support from Stash throughout the transfer.

The program will be available to eligible U.S. Stash customers starting August 19.

Guggenheim Investments Debuts 2 ETFs

Guggenheim Investments, a global asset management company, launched two actively managed exchange-traded funds: Guggenheim Enhanced Equity Income ETF and Guggenheim Investment Grade CLO ETF.

The new ETFs are actively managed by a team of portfolio managers and investment professionals. They complement Guggenheim Investments’ existing mutual funds, separately managed accounts and institutional vehicles.

Guggenheim Enhanced Equity Income ETF invests in high-dividend paying equities and receives income from a systematic covered-call strategy and seeks to capture a significant portion of equity market upside.

Guggenheim Investment Grade CLO ETF manages exposure across the collateralized loan obligation capital structure to capitalize on market and credit cycle views and relative value opportunities.

The ETFs began trading on August 20. Guggenheim Investments has more than $367 billion in total assets across fixed income, equity and alternative investments.

CareScout Introduces Worksite Long-Term Care Insurance Solution

CareScout Holdings Inc. launched its first worksite solution, offering long-term care insurance coverage that includes immediate access to care planning, navigation and caregiving support.

The flexible plan design has options for voluntary, employer-paid or employer contribution models. It is available to employers with as few as 10 employees and has multiple underwriting pathways, including modified guaranteed issue, simplified issue and full underwriting.

The plan provides access to the CareScout Quality Network, a network of vetted care providers, and care coordination and navigation support.

Employees and their families can apply for a policy, including spouses, partners and extended family members. Availability is subject to state approvals.