What do you get when you combine a science-based “investment strategy engine” with a fiduciary score?
A pretty cool announcement.
55ip, a firm that enables advisors to custom-build investment strategies, and Fi360, a provider of fiduciary-related education and tools, have teamed to add the Fi360 Fiduciary Score to the 55ip platform as a standard factor.
The combination gives registered investment advisors and wealth managers the ability to deliver better outcomes for their clients, with fiduciary monitoring built-in.
The custom version of 55ip will allow advisors to build investment strategies using ETFs and mutual funds that have earned superior Fi360 Fiduciary Scores.
“Fiduciary has hit the mainstream and advisors are looking for new ways to profitably implement a prudent investment process. Creating self-balancing investment strategies using the Fi360 Fiduciary Score as a factor is a cost-effective way to achieve that end,” John Faustino, Fi360’s chief product and strategy officer, said in a statement. “55ip’s Investment Platform is a great vehicle to deliver our score, along with all of 55ip’s other factors, to those who want to efficiently build and manage client portfolios.”
The Fi360 Fiduciary Score is a method “for objectively comparing peer investments and determining their overall fiduciary appropriateness. It’s a ready-made solution for due diligence that can help advisors demonstrate a prudent investment selection and monitoring process.”
The 55ip platform helps advisors and wealth managers to efficiently design and manage intelligent, custom and automated strategies for clients who seek to address the frictions that get in the way of client outcomes, such as high fees, extreme losses, taxes, and time.
“In today’s rapidly evolving regulatory landscape, fiduciary monitoring is critical for advisors to stay competitive and grow their practices,” added Paul Gamble, chief executive officer of 55ip. “Fiduciary advice and investment monitoring should not exist in silos. Our relationship with Fi360 will enhance our ability to bring best-in-class, custom investment strategies to the hands of advisors who want to build or amplify their clients’ portfolios in a fiduciary-minded way.”
With more than 20 years serving financial markets, John Sullivan is the former editor-in-chief of Investment Advisor magazine and retirement editor of ThinkAdvisor.com. Sullivan is also the former editor of Boomer Market Advisor and Bank Advisor magazines, and has a background in the insurance and investment industries in addition to his journalism roots.
