Wilshire and Lord Abbett Launch Joint Income Solutions

June 9, 2011(PLANSPONSOR.com) - Lord, Abbett & Co. LLC and Wilshire Associates Inc. announced the joint release of Pro Active Income Solutions, new portfolios designed to deliver targeted income through an active overlay.  

According to a news release, the actively-managed income solutions offer independent adviser clients access to Wilshire’s asset-allocation capabilities and Lord Abbett’s suite of fixed-income mutual funds to provide exposure to timely opportunities in the fixed-income market. Pro Active Solutions were formally introduced at INSITE 2011, Pershing’s Financial Solutions Conference in Florida on June 8, 2011, and will be available on Citi’s OpenWealth Platform.   

Pro Active Income Solutions combines the institutional expertise of Wilshire with Lord Abbett’s intensive credit research and security selection to create two competitively priced fixed-income offerings, the announcement said. The Active Income Opportunities Portfolio will target the 10-year Treasury yield plus 150 bps, and the Active Tax Free Income Opportunities Portfolio will target the 10-year muni yield plus 150 bps. The portfolios are constructed to compete in the Lipper Multi Sector Income and the Lipper General Muni Debt categories, respectively.  

“This is an exciting opportunity to expand our longstanding institutionally based relationship with Wilshire and to create customized investment solutions for the independent adviser,” said Daria Foster, Lord Abbett Managing Partner, in the announcement.  “This new relationship allows us to combine the expertise of both firms while providing this strategically important market with a competitive asset-allocation solution.” 


-Sara Kelly