Your Clients Can Invest with Confidence Knowing Their Money Will Not Support the Following: Then subscribe the accounts to the Summit portfolio models that you have selected for them. Transfer the appropriate amounts to Folio as custodian. Your clients can now access Summit’s portfolio models. The completed Agreement is submitted to Folio. Contact Summit at 80 to get started.Ĭontact Summit to obtain a 3rd Party Money Management Billing Agreement. Three Simple Steps to Provide Catholic Portfolios to Your Clients Access Summit’s Model Portfolios through Folio’s Free Model Manager ExchangeĪccess to our products is available through Folio Institutional’s Model Manager Exchange. You can begin offering your clients our Catholic portfolios almost immediately and you don’t have to worry about staying abreast of changing corporate policies. We’ve done all the hard work of screening out the morally problematic equities and keep on top of developments. Our strategies even go beyond just excluding certain companies, we actively engage in advocacy work, as the USCCB guidelines dictate. We are interested in promoting authentic, Catholic investments and want our portfolios to be as widely available as possible. Whether you are Catholic yourself or not, our investment portfolios are available to you. You do not need to be Catholic to offer your clients USCCB compliant portfolios. This is why we have extended our Catholic investing strategies to other financial advisors, Catholic or not. The only difficulty lies in making sure the investment strategy does not violate Catholic moral teaching. We understand that other financial advisors want to offer their Catholic clients a portfolio that fits their need. Give Catholic Clients the Portfolio They Want with Minimal Overhead Instead of spending all that time and still not being 100% certain the portfolio will pass muster, become one of our third party investment advisors. Thoroughly sifting through every equity to screen out those a Catholic should not invest in is a time consuming process. Ensuring a portfolio does not violate these guidelines can be difficult. The USCCB has laid out very clear guidelines for Catholic investors. Don’t risk antagonizing a Catholic client with a poorly vetted portfolio, take advantage of our USCCB compliant options. The biggest difference is being sure you have screened out any businesses engaged in activities that are offensive to Catholic moral teaching. The process of selecting a good portfolio for a Catholic client is very similar to that of any other client. Like all of your clients, Catholic investors are looking for a good return on their investment. Interested advisers can learn more about MMX by contacting Folio Institutional at 88.Independent Advisors: Offer Catholic Investment Strategies to Your Clients USCCB Compliant Portfolios Are Available for Third Party Investment Advisors “Meanwhile, licensees can efficiently access third party expertise to offer their clients a broader range of managed investments.” “MMX allows model managers to increase the reach and visibility of their portfolio strategies, while creating a new revenue stream for them,” said Folio Institutional President Greg Vigrass, in a press release. Once a model is licensed for use, trades are executed via the Folio Institutional platform, which handles all back-office transactions between the licensor and licensee. Negotiations of licensing fees are conducted directly between the sellers and buyers of the investment strategies. Folio Institutional is initially offering the MMX program as a free service for all registered advisers and broker/dealers who use its platform.Īdvisers wishing to have their models displayed can do so for free as well however, they are required to have a minimum level of assets on the Folio Institutional platform, with those funds invested in one or more of their models. The “Model Manager Exchange” (MMX), currently features 150 portfolios from 35 financial professionals.
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