Investment Product and Service Launches

WisdomTree Investments Announces ETF Availability on Cetera Platform

WisdomTree Investments, Inc., an exchange-traded fund (ETF) and exchange-traded product (ETP) sponsor and asset manager, has entered into an agreement with Cetera Financial Group, in which WisdomTree ETFs will be made available on Cetera’s no-transaction fee product platform. WisdomTree will provide Cetera’s network of firms with ongoing ETF education and support.

Sheila Woelfel, Cetera’s head of Portfolio Solutions, added, “We are really excited about our new relationship with WisdomTree. Their differentiated solutions are well-aligned with our strategic imperative of ensuring a broad offering and providing our advisors with an end-to-end Advice Centric Experience for their clients. We think this is a great opportunity for clients and advisors.”

Cetera’s network of independent broker-dealers will be able to access WisdomTree’s diverse line-up of ETF products with no transaction fees, effective today. Certain requirements and conditions apply in order for no transaction fees to be assessed by Cetera as part of the ETF program. 

Northern Trust Develops Tools Enhancing Transparency

Northern Trust announced enhanced reporting and analytical tools to provide private equity managers with greater transparency into fund operations, delivering on-demand data and customized views of portfolio information.

Reporting for Northern Trust private equity fund administration clients was developed in collaboration with financial technology solutions provider FIS and leverages FIS’s Data Exchange Reporting and Analytics (DX R&A) solution. This capability enables on-demand reporting to answer investor and investment manager inquiries, providing general partners with direct access to detailed and comprehensive information on their schedule of investments, cash flows, investor capital commitments and balances.

“We have focused heavily on deploying leading technology to drive increased transparency in private equity investing, and this latest enhancement is another example of how we continue to raise the bar,” says Pete Cherecwich, president of Corporate & Institutional Services at Northern Trust. “By incorporating the advanced FIS solution, we give clients the data they need to make more informed decisions.”

The new technology supports increasing demand from private equity financial officers for direct and immediate access to their data—enabling general partners to drill down into their trial balances and the underlying transactions. Access to intuitive dashboards displaying performance and risk metrics will soon be available.

“Northern Trust joins a growing number of firms that deploy our Data Exchange Reporting and Analytics solution to provide a self-service platform for their clients to view their data, run reports, and analyze portfolio performance,” says Sami Juma, head of Alternative Solutions, FIS. “Using our advanced solution, Northern Trust’s clients can transform data into intelligence to improve decision-making, whilst simultaneously benefiting from an enhanced customer experience.”