New investment and portfolio management platform provides access to a wide range of curated, multi-asset models and strategies created and managed by World’s investment team
Leading financial advisory firm World Investment Advisors, LLC (World) announced the launch of World Managed Account Platform (WorldMAP), its new open-architecture, multi-custodial investment and portfolio management platform. The new solution is designed to help advisors save time, grow revenues, optimize outcomes for clients and provide added flexibility in how they manage their businesses.
Initially, WorldMAP will consist of a model program that includes strategies created and managed by World’s in-house investment team. Additionally, it will feature automated and individualized tax management, and the ability to extensively personalize models for clients at scale. Advisors will also have access to models offered by other industry-leading strategists, and a diversified lineup of separately managed account (SMA) managers.
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“The launch of WorldMAP is a revolutionary step for our wealth platform, indicative of the investments we are making to create an elevated experience for our advisors and their clients,” said Troy Hammond, CEO of World Investment Advisors. “Clients today – especially high-net-worth investors – are increasingly demanding solutions tailored to their goals and circumstances. WorldMAP delivers on our pledge to provide advisors with all the tools, services and solutions to differentiate themselves in the current hyper-competitive landscape.”
World’s in-house models will be branded Cota Street. Chief Investment Officer Nate Garrison and the rest of the firm’s investment team will oversee the curated selection of multi-asset, equity and fixed-income strategies.
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At launch, Cota Street will offer 10 strategies and more than 50 models. The suite of Cota Street model strategies includes options for a variety of client portfolio needs and will be offered alongside other industry strategists and SMA managers. Advisors who want to continue to manage their own models will also be able to add those to the platform with access to top-tier service and support.
As a result, advisors will be able to confidently delegate the crucial but time-consuming tasks related to trading and rebalancing, manager selection, asset allocation and active tax management. The investment team will also publish manager research and recommendations that advisors can leverage to build client portfolios.
World will continue to add strategists and models to the platform in the future. Later this year, WorldMAP will add a second program offering that will simplify investment management for advisors who want to act as their own portfolio managers and continue to trade and rebalance client accounts.
“It has become crystal clear over the years that an advisor’s most valuable commodity is time,” Garrison said. “Not only does WorldMAP provide advisors with an opportunity to create highly customized portfolios that evolve with a client’s changing needs, but it allows them to economically build more scale in their practice, giving them the opening to better manage existing relationships, cultivate new ones and increase revenue.”
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World has named Lauren Yeaton Hunt Senior Vice President of Wealth Platforms and Partnerships as part of this launch. Yeaton Hunt, who has more than 30 years of financial services experience, will help facilitate the smooth launch of WorldMAP and ensure advisors and their clients have a first-class experience using the platform. She will also be responsible for all business-related decisions for the WorldMAP platform, as well as managing the relationships with industry strategists and SMA managers.
Yeaton Hunt spent more than a decade at LPL Financial where she held a series of senior vice president roles, and later was Vice President of Product Management at Fidelity. Most recently, she served as Vice President of Product Marketing at Vestmark, a leading provider of managed account platform technology, and World’s partner providing the institutional-caliber technology tools and service for WorldMAP.
“I’m excited to join World and collaborate with our advisors to deliver on the value proposition,” Yeaton Hunt said. “WorldMAP will offer our advisors significant time savings, client-centric service and support, the opportunity to focus on personalized client outcomes and a foundation that supports their growth. As we move forward, we will continue to fine tune the platform by incorporating feedback from our advisors and the needs of their clients.”
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Source – Businesswire
