Press release
Principal® Launches New Model Portfolios with Wilshire
DES MOINES, Iowa--(BUSINESS WIRE)-- Principal Financial Group® went live Friday with a new offering of model portfolios, in partnership with Wilshire and
About this update from Principal Financial Group Inc
[{"type":"text","content":" DES MOINES, Iowa--(BUSINESS WIRE)--\nPrincipal Financial Group® went live Friday with a new offering of model portfolios, in partnership with Wilshire and including iShares® ETFs and BlackRock® bond funds, to meet the evolving needs of advisors searching for diversification, scale, and performance. The 25 portfolios demonstrate each firm’s unique expertise and deliver a differentiated strategy for outcome-oriented investors.\n\n“We’re expanding the ways in which we can help advisors more efficiently serve their clients and enable them to achieve their investment goals,” said Tim Hill, executive director of the U.S. Client Group for Principal Global Investors®. “We believe these portfolios, bolstered by the complementary expertise of three asset management firms, produce an investment strategy with the capability to deliver alpha at an attractive price point.”\n\nThe Principal Wilshire Diversified Portfolios were built to suit a range of needs for investors. They consist of three series – Global Hybrid, U.S. Hybrid, and ETF only – that each have seven underlying portfolios designed to meet different risk tolerances. Additionally, there are three Separately Managed Account Models and one Diversified Income Model.\n\nTwenty-four of the 25 portfolios are currently available on the Envestnet platform. The Principal Wilshire ETF Fixed Income portfolio will be live in June.\n\nThe launch of its new model portfolio lineup builds upon a strategic move Principal made earlier this year to enhance relationships with Registered Investment Advisors to deliver the product support they seek to best serve clients. Principal combined multiple client-facing teams to form a single team focused on supporting the RIA, Investment Only, and Bank Trust channels.\n\n“Bringing these teams together with a single focus has allowed us to match up the best of what we have to offer with a continuum of coverage for RIAs with varying attributes, structures, and business mixes,” Hill said. “Our new series of model portfolios fits perfectly into this strategy, and they will dramatically improve the client experience, especially as the demand for models continues to accelerate.”\n\nThe Principal Wilshire Diversified Portfolios comprise of three differentiating characteristics:\n\n\nHybrid: The active management capabilities of Principal Global Investors and BlackR...