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Products September 30, 2007
Transamerica Financial Advisors Launches New SMA ETF Program
Transamerica Financial Advisors, Inc. is using FOLIOfn Institutional to launch Transamerica I-Series, a separately managed account program that uses exchange-traded funds (ETFs).
Reported by Alison Cooke
The rollout, anticipated for late September, will initially consist of five ETF-based asset allocation portfolios developed for clients of Transamerica’s Investment Advisor Representatives. Eventually, the Transamerica I-Series offering will be expanded to include other ETF-based strategies such as core-satellite and target maturity portfolios, the firm announced in a press release.
“We created this program to satisfy the demand from advisors for a model-based ETF solution that was low-cost and provided broad diversification for their clients,” explained Sandy Brown, President of Transamerica Financial Advisors, in a press release; “The Transamerica I-Series strengthens Transamerica’s overall fee-based offerings and will attract new advisors to our Advisory programs.”