Comprehensive suite of solutions allows
WisdomTree to work with financial advisors to deliver scalable
portfolios to their clients.
WisdomTree, Inc. (NYSE: WT), a global financial innovator, today
introduces Portfolio Solutions, a WisdomTree Asset Management, Inc.
service to empower new and deeper relationships with investment
advisors. Whether opting for self-constructed model portfolios or
third-party model portfolio providers, Portfolio Solutions offers
advisors a robust, scalable, and efficient framework for portfolio
delivery.
Portfolio Solutions enables advisors to leverage WisdomTree’s
model portfolio and research expertise to help advisors make
informed choices on how they deliver and construct portfolios for
their clients so they can spend more time scaling and growing their
businesses. Portfolio Solutions is comprised of three distinct
offerings to help advisors, which include:
For advisor-built portfolios:
- Portfolio Consultations: Offers a personalized in-depth
evaluation of an advisor’s model portfolios, including individual
model portfolio composition analysis, stress testing, examination
of holdings and overlaps, and more.
For outsourced portfolios*:
- CIO-Managed Model Portfolios: Provides access to WisdomTree’s
CIO-Managed Model Portfolios designed to satisfy a wide array of
client investment goals. Advisors can implement these model
portfolios themselves, via model market centers, or on third-party
platforms.
- Shared CIO: Enables advisors to collaborate with WisdomTree’s
dedicated Model Investment Team to build and manage model
portfolios for the advisor’s clients, which includes the option to
delegate trading, rebalancing, and tax optimization tasks.
Portfolio Solutions seeks to provide potential benefits for
advisors. It helps advisors manage and implement asset allocation
decisions, employ a consistent investment and client communication
process, save time and resources, and make their practice more
valuable. A growth opportunity for WisdomTree, Portfolio Solutions
allows us to add substantial value to the advisor’s investment
process that the advisor can follow in providing investment advice
to its clients.
“More and more, advisors are seeking help regarding their
portfolios, and WisdomTree’s goal is to be their strongest partner
in the delivery and management of their portfolios and growing
their business,” said Thomas Skrobe, Head of Product Solutions at
WisdomTree. “We’re excited to provide an offering that enables
advisors to collaborate with WisdomTree to help deliver portfolios
for their clients so they could spend more time building their
businesses and deepening client relationships. We believe that
providing a full range of portfolio services is a growth
opportunity for the advisors we serve and well-positions us to
provide timely insights and drive incremental flows.”
The introduction of the Model Portfolio filter tool marks the
first enhancement under Portfolio Solutions, showcasing
WisdomTree’s commitment to improving portfolio management and
advisor support services. The Model Portfolio filter tool can help
advisors find a WisdomTree CIO-Managed Model Portfolio that is most
suitable for their client’s needs by offering them the ability to
filter by investment objective, risk profile, single or multi-asset
class, region, and platform.
Further information on Portfolio Solutions can be found
here.
WisdomTree’s models business currently has a milestone AUM, with
$3.5 billion in assets, as of April 26, 2024 – and its momentum is
building. Today, there are roughly 2,000 advisors in the U.S. with
at least one account that uses WisdomTree managed models. That
number more than doubled in 2023 with over 1,000 advisors added in
the past 12 months. WisdomTree expects to continue to grow its
accessible market to 80,000 advisors by the end of 2024 (up from
70,000 today) by securing new relationships with additional wealth
management firms. The firm is also prioritizing deepening their
wallet share with the over 2,000 advisors who use WisdomTree
managed models today and looks to add another 1,000 new advisors
using WisdomTree’s models by the end of 2024.
WisdomTree expanded the Portfolio Solutions team with the
strategic new hire of Samuel Rines, Macro Strategist at WisdomTree,
providing advisors with geopolitically risk-aware portfolios that
aim to provide unique market exposure across asset classes and
geographies to help clients navigate through uncertainty. This is
an example of how WisdomTree continues to grow and add top talent
to our Portfolio Solutions business. Insights from Rines can be
found here.
*References to CIO (Chief Investment Officer), “CIO-Managed”,
“Shared CIO” are meant as a general reference to WisdomTree Model
Portfolio subscriptions, consultation regarding WisdomTree Model
Portfolios, and WisdomTree Model Portfolios that may be customized
to firm-specific objectives or unique firm-specific investment
needs (“custom model portfolios”), and WisdomTree is not acting in
an investment advisory, fiduciary or quasi-fiduciary capacity in
connection therewith. Such material, and any assistance provided as
described herein, including portfolio construction, WisdomTree
Model Portfolios, custom model portfolios, asset allocation stress
testing, assessments, discussions, output or other assistance
(whether by WisdomTree personnel or digital tools) are (i) for
information only and are not intended to provide, and should not be
relied on for, tax, legal, accounting, investment or financial
planning advice, (ii) not personalized investment advice or an
investment recommendation from WisdomTree, and (iii) intended for
use only by a financial professional, with other information, as a
resource to help build a portfolio or as an input in the
development of investment advice for its own clients. Such
financial professionals are responsible for making their own
independent judgment as to how to use such information.
WisdomTree Funds are distributed by Foreside Fund Services, LLC.
Thomas Skrobe is a registered representative of Foreside Fund
Services, LLC.
For Financial Advisors: WisdomTree Model Portfolio
information is designed to be used by financial advisors solely as
an educational resource, along with other potential resources
advisors may consider, in providing services to their end clients.
WisdomTree’s Model Portfolios and related content are for
information only and are not intended to provide, and should not be
relied on, for tax, legal, accounting, investment or financial
planning advice by WisdomTree, nor should any WisdomTree Model
Portfolio information be considered or relied upon as investment
advice or as a recommendation from WisdomTree, including regarding
the use or suitability of any WisdomTree Model Portfolio, any
particular security or any particular strategy.
For Retail Investors: WisdomTree’s Model Portfolios are
not intended to constitute investment advice or investment
recommendations from WisdomTree. Your investment adviser may or may
not implement WisdomTree’s Model Portfolios in your account. The
performance of your account may differ from the performance shown
for a variety of reasons, including but not limited to: Your
investment adviser, and not WisdomTree, is responsible for
implementing trades in the accounts; differences in market
conditions; client-imposed investment restrictions; the timing of
client investments and withdrawals; fees payable; and/or other
factors. WisdomTree is not responsible for determining the
suitability or appropriateness of a strategy based on WisdomTree’s
Model Portfolios. WisdomTree does not have investment discretion
and does not place trade orders for your account. This material has
been created by WisdomTree and the information included herein has
not been verified by your investment adviser and may differ from
information provided by your investment adviser. WisdomTree does
not undertake to provide impartial investment advice or give advice
in a fiduciary capacity. Further, WisdomTree receives revenue in
the form of advisory fees for our exchange traded funds and
management fees for our collective investment trusts.
WisdomTree Digital is not a bank and does not itself take
deposits. Demand deposit accounts made available to you as a
WisdomTree Prime user are provided by Stride Bank N.A., Member
FDIC. Digital assets held in WisdomTree Digital accounts are not
legal tender and are not covered by FDIC protections. The
WisdomTree Prime Visa Debit card is issued by Stride Bank N.A.,
Member FDIC, pursuant to a license from Visa USA Inc.
Digital assets (e.g., bitcoin and ether) are considered to be
highly speculative, involve a high degree of risk and have the
potential for loss of the entire investment. Digital assets are
subject to a number of risks, including price volatility.
Transactions in digital assets may be irreversible, and
accordingly, losses due to fraudulent or accidental transactions
may not be recoverable. Legislative and regulatory changes or
actions at the state, federal, or international level may adversely
affect the use, transfer, exchange and value of virtual
currency.
References to “digital gold” refer to the WisdomTree Gold Token,
a digital token recorded on the blockchain representing electronic
document of title to physical gold. The price of gold does
fluctuate and may be affected by numerous factors including supply
and demand, the global financial markets and other political,
financial, or economic events, which may negatively impact gold
prices and the value of a WisdomTree Gold Token.
A blockchain is an open, distributed ledger that digitally
records transactions in a verifiable and immutable (i.e.,
permanent) way using cryptography. A distributed ledger is a
database in which data is stored in a decentralized manner.
Cryptography is a method of storing and transmitting data in a
particular form so that only those for whom it is intended can read
and process it. A blockchain stores transaction data in “blocks”
that are linked together to form a “chain”, and hence the name
blockchain. Blockchain technology is a relatively new and untested
technology, with little regulation. Blockchain systems could be
vulnerable to fraud, particularly if a significant minority of
participants colluded to defraud the rest. Potential risks also
include vulnerability to theft, or inaccessibility, and future
regulatory developments could affect its viability.
There are risks associated with investing, including possible
loss of principal.
Investors and their advisors should consider the investment
objectives, risks, charges and expenses of the funds included in
any Model Portfolio carefully before investing. This and other
information can be obtained in the Fund’s prospectus or summary
prospectus by visiting wisdomtree.com/investments.
Please read the prospectus carefully before you invest.
About WisdomTree WisdomTree is a global financial
innovator, offering a well-diversified suite of exchange-traded
products (ETPs), models, solutions and products leveraging
blockchain technology. We empower investors and consumers to shape
their future and support financial professionals to better serve
their clients and grow their businesses. WisdomTree is leveraging
the latest financial infrastructure to create products that provide
access, transparency and an enhanced user experience. Building on
our heritage of innovation, we are also developing and have
launched next-generation digital products, services and structures,
including digital or blockchain-enabled mutual funds and tokenized
assets, as well as our blockchain-native digital wallet, WisdomTree
Prime®.*
*The WisdomTree Prime digital wallet and digital asset services
are made available through WisdomTree Digital Movement, Inc. (NMLS
ID: 2372500) and WisdomTree Digital Trust Company, LLC, in select
U.S. jurisdictions and may be limited where prohibited by law.
WisdomTree Digital Trust Company, LLC is chartered as a limited
purpose trust company by the New York State Department of Financial
Services to engage in virtual currency business. Visit
https://www.wisdomtreeprime.com or the WisdomTree Prime mobile app
for more information.
WisdomTree currently has approximately $109 billion in assets
under management globally, as of June 20, 2024.
Please visit us on X, formerly known as Twitter, at
@WisdomTreeNews.
WisdomTree® is the marketing name for WisdomTree, Inc. and its
subsidiaries worldwide.
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version on businesswire.com: https://www.businesswire.com/news/home/20240702198578/en/
Media Relations WisdomTree, Inc. Jessica Zaloom +1.917.267.3735
jzaloom@wisdomtree.com
Natasha Ramsammy +1.917.267.3798 nramsammy@wisdomtree.com /
wisdomtree@fullyvested.com
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