Investment Product and Service Launches

Horizon Investments ‘Refreshes Brand and Refines Mission’  

Horizon Investments announced that it has “revised the brand image and refined its message.”

According to Sean Farrow, Horizon marketing director, the introduction of a new website and logo coincides with the firm’s increased focus on “goals-based investment management strategies that will empower financial advisers to help their clients achieve their most important financial objectives throughout life.”

President and CEO Robbie Cannon adds that goals-based investment management “is designed to provide an all-important direct link between investment strategies and clients’ key objectives, and also seeks to help them overcome their biggest real-world financial risks.”

To meet these objectives, Horizon targets a “Gain, Protect, Spend” approach to portfolio development to ensure that clients can achieve their goals.

“The investment committee continues to make decisions based on thorough research and analysis, as it has always done, using active investment management strategies, a global perspective, and a sophisticated approach to risk mitigation,” Cannon explains. “The new logo and graphics enables Horizon to better express who they are and how they can help advisers serve their clients.”

 For more information about the new brand and new strategies, visit www.horizoninvestments.com.

NEXT: Fidelity Drops Pricing on 27 Index Mutual Funds and ETFs

Fidelity Drops Pricing on 27 Index Mutual Funds and ETFs

Fidelity Investments announced that effective July 1, 2016, it will reduce total net expenses on 27 of its equity and bond index mutual funds and exchange-traded funds (ETFs).  

The average net expense across Fidelity’s index fund line-up will decrease to 10.2 basis points (0.102%), down from 11.6 basis points previously.  The expense reductions are expected to save current shareholders approximately $20 million annually, according to Fidelity.

Colby Penzone, senior vice president for Fidelity’s Investment Product Group, says the firm is excited to be pushing pricing even lower, but costs aren't everything when it comes to assessing investment options. “While cost matters, investors should also consider the overall experience and value a financial services firm can deliver when deciding where to invest,” Penzone says. 

The expense reductions will impact 16 index mutual funds and 11 index ETFs.

The mutual funds being impacted include the Fidelity 500 Index Fund; Fidelity Total Market Index Fund; Fidelity Extended Market Index Fund; Fidelity Large Cap Growth Index Fund; Fidelity Large Cap Value Index Fund; Fidelity Mid Cap Index Fund; Fidelity Small Cap Index Fund; Fidelity International Index Fund; Fidelity Global ex U.S. Index Fund; Fidelity Total International Index Fund; Fidelity Emerging Markets Index Fund; Fidelity U.S. Bond Index Fund; Fidelity Short-Term Treasury Bond Index Fund; Fidelity Intermediate Treasury Bond Index Fund; Fidelity Long-Term Treasury Bond Index Fund; and the Fidelity Inflation-Protected Bond Index Fund

On the ETF side, impacted funds include Fidelity MSCI Consumer Discretionary Index ETF; Fidelity MSCI Consumer Staples Index ETF; Fidelity MSCI Energy Index ETF; Fidelity MSCI Financials Index ETF; Fidelity MSCI Health Care Index ETF; Fidelity MSCI Industrials Index ETF; Fidelity MSCI Information Technology Index ETF; Fidelity MSCI Materials Index ETF; Fidelity MSCI Telecommunications Index ETF; Fidelity MSCI Utilities Index ETF; and Fidelity MSCI Real Estate Index ETF.

More information about the pricing changes is at www.fidelity.com. 

Lindner Capital Advisors Announces Fee Structure for New 401(k)s 

Lindner Capital Advisors (LCA), an RIA based in metropolitan Atlanta, has announced a new fee structure for all new 401(k) accounts.

The new investment management fee is 20 basis points. Plan sponsors will pay a minimum fee of $1,000 and a maximum fee of $20,000. This means that fees on new plans larger than $10,000,000 will be capped at $20,000.

"In light of the new DOL regulations, we recognized the importance of providing even better service to plan sponsors," said LCA CEO and President Robert J. Lindner.

LCA's Third Party Turnkey Asset Management Program (TAMP) serves as an Employee Retirement Income Security Act (ERISA) 3(38) Investment Manager and assumes fiduciary responsibility for investment selection and monitoring. LCA portfolios are designed to be consistent with a client's unique investment objectives, individual time horizon and tolerance for risk.