Investment Product and Service Launches

FundFront Introduces White Label Alternative Investment Platform

FundFront, a provider of alternative investment technology and solutions, announced the launch of its white label alternative investment platform for the wealth management industry.

This turnkey wealth-tech solution allows advisers to offer alternative investment opportunities to their clients with minimal integration required.

“Recognizing the increasing demand for broader access to alternative investments, we see the need for wealth advisers to offer these opportunities to their clients within their existing advisory and custody framework,” Amin Naj, founding partner of FundFront said in a statement.

Wealth.com Unveils AI-Powered Legal Assistant Ester

Wealth.com, an estate planning platform, announced the official launch of Ester, an artificial intelligence legal assistant.

Ester makes high-quality estate planning more accessible, cost effective and scalable for financial advisers. The new product automates tedious tasks traditionally handled by financial analysts and in-house paralegals.

“No financial plan is complete without an estate plan and Ester will empower financial advisers to onboard clients efficiently and enable those clients to build the estate plan that suits their needs,” said Eduardo Fontes, senior vice president of data science at Wealth.com. 

Schwab to Launch the Schwab High Yield Bond ETF

Schwab Asset Management announced the launch of the Schwab High Yield Bond ETF.

With an expense ratio of 0.10%, the new ETF is priced in line with the lowest fee ETFs in the Morningstar High Yield Bond category. The ETF will provide simple access to the U.S. dollar denominated high yield corporate bond market.

“The Schwab High Yield Bond ETF is a timely addition to our lineup of fixed income ETFs as investors continue to seek out low-cost, straightforward products that help diversify their portfolios,” Nicohl Bogan, director of product strategy and development, Schwab Asset Management, said in a statement.