MissionSquare Shrinks Fund Costs, Wealth Enhancement Acquisition
MissionSquare Announces Reduction in Fund Costs
MissionSquare announced today plans to lower its investment costs across a range of the firm’s equity and target-date funds.
Through the initiative, MissionSquare said it will reduce its fund expense ratios by as much as 45%.
“At MissionSquare, our customers remain at the center of all that we do, which is why we are making a strategic decision to enhance our investment management strategy to offer more cost-effective, diversified portfolio solutions,” said Andre Robinson, CEO of MissionSquare. “We know long-term savings goals require a marathon, not a sprint. By reducing fund costs, we provide an opportunity for individuals investing for the long run to save more money over time and ultimately invest more effectively.”
The initiative comes as the firm transitions into a hybrid active-passive management strategy. With this reduction, MissionSquare says its investors will benefits from lower costs, enhanced diversification, market exposure, and improved risk-adjusted performances.
“Our investment strategy is built on a foundation of insight, discipline, and adaptability,” said Shari Hensrud, head of Investment Strategies at MissionSquare. “Through thoughtful design, strategic balance, and our unwavering commitment to optimal investor outcomes, we look forward to helping deliver long-term value by lowering the costs of investing.”
MissionSquare will position the funds for consistent performance relative to stated benchmarks in various market environments, adding long-term value for investors. The changes will take effect over the next several weeks.
