Boston-based unbiased dealer/seller Commonwealth Monetary Community, with about $243 billion in brokerage and advisory property, has expanded its in-house mannequin portfolio platform providers to permit advisors to offboard administrative capabilities whereas sustaining management over many elements of development.
Certainly one of three most popular portfolio packages provided on the platform, PPS Choose presents a variety of greater than 100 mannequin portfolios created by Commonwealth’s analysis and funding group. Advisors and their shoppers can select probably the most appropriate fashions primarily based on threat profile, goals and different preferences, then depart administration and buying and selling to Commonwealth.
The expanded service, PPS Choose Compass, permits advisors to be extra concerned in portfolio development by deciding on from a menu of sleeve portfolios—together with passive, lively, tax-aware, different and sustainable methods. They’re then monitored by the analysis and funding group, which additionally supplies due diligence and operational help.
An in-house funding advisory consulting group additionally will help advisors determine applicable picks, whereas the analysis and funding group supplies ongoing portfolio administration insights and evaluation.
“Each shopper has a ‘candy spot’ the place return, threat, diversification, liquidity, and values converge,” mentioned Brian Value, Commonwealth’s managing principal in funding administration and analysis, in a press release. “PPS Choose Compass seeks to remodel advisors’ capability to ship aggressive, custom-made funding administration to shoppers at scale. Finally, advisors have larger management and adaptability than ever to assist successfully meet their shoppers’ targets whereas gaining extra time to spend enhancing shopper relationships.”
Commonwealth advisors who’ve taken benefit of the PPS Choose program since 2019 have seen their common manufacturing improve at a fee of 36% over a three-year interval, in response to the agency, in contrast with 29% progress amongst those that didn’t.
“PPS Choose displays our ongoing funding in and dedication to merchandise that take away complexities for advisors,” mentioned Managing Associate and Chief Funding Officer Brad McMillan. “The latest iteration of PPS Choose supplies advisors with even larger alternative, management and adaptability.”
With headquarters in San Diego and the larger Boston space, the Commonwealth community contains greater than 2,100 advisors. It plans so as to add Schwab as a secondary custodian to Constancy within the coming 12 months, because it leans into the fee-only facet of the enterprise.
Privately owned since its founding in 1979, Commonwealth presents versatile affiliation fashions and a big selection of assets to its accomplice companies, together with entry to capital, apply administration experience, investments and analysis, advertising and compliance help, and a menu of outsourced providers.
