Simple. Intelligent. Versatile.

Similar documents
FundSource. Professionally managed, diversified mutual fund portfolios. A sophisticated approach to mutual fund investing

PERSONAL WEALTH PORTFOLIOS. simplify. your life. With Investment Strategies

Collective Investment Trusts (CITs)

ADVISORY SERVICES - WRAP FEE PROGRAMS SEC Number: DISCLOSURE BROCHURE

UBS Financial Services Inc.

ADVISORY SERVICES - WRAP FEE PROGRAMS SEC Number: DISCLOSURE BROCHURE

PRINCIPAL LIFETIME HYBRID COLLECTIVE INVESTMENT FUNDS DISCLOSURE DOCUMENT

ALIGNING INVESTMENT CHOICES WITH YOUR INDIVIDUAL GOALS. Freedom Foundation Portfolios

A guide to investing in hedge funds

Strategic. Financial. Solutions. The Advantage of Personal Professional Money Management

A guide to investing in mutual funds

Plain talk about how ETFs work. Client education

YOUR CLIENTS ARE LOOKING FOR A TARGET DATE ADVANTAGE

Investing basics. Shelly Maas, Merrill Lynch Financial Wellness Specialist. June 15, 2018

MANAGED ACCOUNTS. Capital Directions. A guided approach to financial achievement

Voya Target Retirement Fund Series

UMA Model Portfolios Professional Advice for Your Unified Managed Account

Investment Management Philosophy

Guide to Retirement Plan Investing Basics

The single fund solution. Continuum Portfolios

Meeder Asset Management, Inc.

Principal LifeTime portfolios. Investment options that strive to keep pace with life

MANAGED ACCOUNT PROGRAM

Constructing a more dynamic portfolio with equity sector allocation

A guide to investing in unit investment trusts

Merrill Edge Select Portfolios. Portfolio management by Merrill Lynch

Fidelity Portfolio Advisory Service. Focused on you and your financial goals

Asset allocation: What you should know

Investment Policy Statement for Short-Term Investments

CHARITABLE & ENDOWMENT SERVICES

Schwab Target Date Funds. So you can enjoy today We help you invest for your future

Fiduciary Investment Services. Fiduciary Protection for Your Retirement Plan

BulletShares ETFs An In-Depth Look at Defined Maturity ETFs. I. A whole new range of opportunities for investors

4500 Main Street Kansas City, Missouri (800) March 30, 2018

June Target date funds: Why the to vs. through analysis falls short and what you should be considering

Fiduciary Investment Services. Fiduciary Protection for Your Retirement Plan

COUNTY OF SAN BERNARDINO

Neuberger Berman Trust Company Peralta Community College District July 20, 2011

December 2014 Economic Outlook. All data as of November 30, 2014 unless otherwise noted.

A Guide To DEFINED FOCUSED DISCIPLINED

Exchange Traded Fund Strategies

Form ADV Program Brochure Morgan Stanley Smith Barney LLC. Graystone Consulting. June 30, 2014

Royal American Financial Advisors, LLC A Registered Investment Advisor ITEM 1 COVER PAGE FORM ADV PART 2A BROCHURE

Asset Allocation Portfolios

USAA Managed Portfolios

Meeder Advisory Services, Inc.

Schwab Diversified Growth Allocation Trust Fund (Closed to new investors) Institutional Unit Class As of June 30, 2017

CITY OF VIRGINIA BEACH DEFERRED COMPENSATION PLAN. Statement of Investment Policy

Diversified Managed Allocations

Active Portfolio Management

Custom Investment Outsourcing

Davenport & Company LLC

YIELD SELECT. Strategy Overview ASSET MANAGEMENT

Discover the power. of ETFs. Not FDIC Insured May May Lose Lose Value Value No No Bank Bank Guarantee

ADVISORY SERVICES - WRAP FEE PROGRAMS SEC Number: DISCLOSURE BROCHURE

MODEL WEALTH PORTFOLIOS. focus on. your future. LPL Financial Research

A. This Form ADV Part 2A Disclosure Brochure was revised on to update Item 9; aside from that, there were no other material changes.

EXECUTIVE SUMMARY PERMISSIBLE TARGET ASSET CLASS TARGET % RANGE % BENCHMARK

Alternative Investments

Discover the power. of ETFs. Not FDIC Insured May May Lose Lose Value Value No No Bank Bank Guarantee

University of Maine System Operating Funds Statement of Investment Policy Approved by the Investment Committee on February 27, 2006

FORM ADV PART 2 BROCHURE

Your RSP Investment Options

Navigating U.S. Wealth Management: Five Key Themes for Financial Advisors and Individual Investors

A Guide to Mutual Fund Investing

Strategic Target Funds. Investing in the Strategies of Strategies Capital Management

THE FREEDOM UMA. Unified Managed Account Strategies

The E-Valuator Funds* PROSPECTUS. January 31, The E-Valuator Very Conservative RMS Fund. R4 Class Shares (EVFGX)

Determining your investment mix

Investment Policy Statement and Spending Policy

CITY & COUNTY OF HONOLULU DEFERRED COMPENSATION PLAN INVESTMENT POLICY AND PROCEDURES STATEMENT. May 23, 2013

Asset Allocation Questionnaire

Proposal. Investment Policy Guidelines For Savannah Lakes Property Owners Association. November 2, 2012

Understanding Exchange-Traded Funds (ETFs) A guide to TD Asset Management Inc. s (TDAM) ETF solutions

PNC Investment Perspective

Portfolio Construction

WEALTH SOLUTIONS CUSTOMIZED TO MEET YOUR NEEDS.

AAA INVESTMENT POLICY STATEMENT. American Anthropological Association Investment Policy Statement

TIMEWISE TARGET RETIREMENT FUNDS. Guiding workplace savers to better retirement outcomes

Morningstar Investment Services

Firm Brochure Parkland Boulevard, Suite 306 Mayfield Heights, Ohio, (216)

Fund Information. Partnering for Success. SSgA Real-Life Insight

Meeder Asset Management, Inc.

P-Solve Update By Marc Fandetti & Ryan McGlothlin

Lower-cost investing coming soon

Low costs, exceptional service for your retirement plan. Vanguard Retirement Plan Access TM

Schwab Diversified Growth Allocation Trust Fund

PNC Investments Client Schedule of Commissions & Fees

An Introduction to Dynamic Overlay

No securities regulatory authority has expressed an opinion about these securities and it is an offence to claim otherwise.

QDIA PRACTICES CHECKLIST

BUILDING YOUR FINANCIAL FUTURE

Investing Like an Institution

You, Your Advisor & Retirement Management Systems

Portfolio Management Consultants Supporting Enterprises, Advisors, and their Clients

SEPARATELY MANAGED ACCOUNTS

UBS Financial Services Inc. Retirement Plan Asset Allocation Guide

Nationwide Investment Advisors, LLC

Fixed Income Investing

Virginia College Savings Plan Statement of Investment Policy and Guidelines For. Virginia529 ABLEnow SM

Transcription:

SPONSORED BY M &T BANK Simple. Intelligent. Versatile. page 3

Portfolio Architect is a managed account program sponsored and managed by M&T Bank, with support from Wilmington Trust Investment Advisors, Inc. (herein referred to as Wilmington Trust ) and offered through M&T Securities, Inc. Investments involve risks including those arising from asset class exposures, security selection, and the types of investment vehicles used. Similarly, managed account programs incur fees and expenses that may be in addition to advisory fees, transaction costs, and other expenses of certain underlying investments, such as mutual funds or exchange-traded funds. Investors should review and thoroughly understand the objectives, risks, and expenses of any investment prior to committing funds. Investment products are not insured by the FDIC or any other government agency, are not deposits of or other obligations of or guaranteed by M&T Bank or any other bank or entity, and are subject to risks, including a possible loss of the principal amount invested. Investments: Are NOT FDIC Insured Have NO Bank Guarantee May Lose Value

There aren t enough hours in the day. So where are you going to find time to manage your investments? And even if you found the time, would you know where to begin? If you re like most investors, sorting through thousands of investment options in an attempt to create a cohesive, intelligent portfolio can be overwhelming. Portfolio Architect Simple. Intelligent. Versatile. page 1

Simple A unified offering Intelligent A disciplined approach Versatile A flexible framework

Portfolio Architect An all-in-one investment option engineered to fulfill a number of important goals Portfolio Architect is a managed account program that has done all the hard work, so you don t have to. Geared toward different goals and risk levels, it can free you up to live your busy life because it s simple, intelligent, and versatile. Portfolio Architect Simple. Intelligent. Versatile. page 3

Diversification equities fixed income real assets While it can t eliminate risk, diversification (divvying up investment dollars among equities, fixed income, real assets, etc.) may help reduce it, and even enhance returns. How? Because different investments react differently to different events. So if, for example, the equity market dips, owning fixed income may cushion the blow. Likewise, good equity performance may help offset the drag from low fixed income yields. Keep in mind that even a well-diversified portfolio won't guarantee a profit or protect against loss.

s i m p l e A diversified strategy Different investments do well from year to year. And no one can predict the future. But there is a way to prepare for it. Instant diversification A mix of equities (e.g., stocks), fixed income (e.g., bonds), and other asset classes has long been shown to be an important part of enhancing returns over time while reducing volatility.* Portfolio Architect has diversification built in with a risk-weighted combination that may include equities and fixed income, or other asset classes. Those classes may be further broken down into different types of investments within each group. For instance, equity holdings could include ownership in different-sized companies, and fixed income holdings could include corporate bonds as well as government bonds. Automatic rebalancing As time goes on, market performance can shift a strategy s asset class balance so it no longer reflects the initial allocations. Investment professionals periodically rebalance strategies to align with those original allocations and risk tolerance levels. *A well-diversified portfolio won t guarantee profits or protect against loss. Portfolio Architect Simple. Intelligent. Versatile. page 5

i n t e l l i g e n t A disciplined approach to managing portfolios Thoughtfully applied intelligence and innovative, high-quality solutions are used to build portfolios in an effort to help you achieve your investment goals. Our experienced investment team of economists, analysts, and portfolio managers provides asset allocation, manager research, and portfolio construction and insights. Our disciplined approach is guided by market theory and economic data, and seeks to sidestep the emotions that have led many investors astray by selling low (when markets dip and the pain of loss seems imminent) or buying high (in an effort to follow the herd, although a popular investment may have run its course). Instead, we rely on a sophisticated and differentiated process to incorporate our best thinking into the Portfolio Architect programs. Here is a behindthe-scenes look at our investment process. Portfolio Architect Simple. Intelligent. Versatile. page 6

Wilmington Trust s investment process Our best thinking in action Analyze t Implement t Capital markets model: Perform complex modeling analysis to project asset class returns and investment themes Strategic and tactical allocation: Develop long-term asset class outlooks and make tactical shifts that strive to take advantage of short-term opportunities and sidestep challenges Portfolio construction: Build various risk-adjusted portfolios from a set of managers that have satisfied our selection criteria;* portfolios reflect the team s best thinking and are adjusted as circumstances warrant Adjust t Portfolio management and monitoring: Continually oversee and assess managers for consistency, discipline, objectivity, and performance * Our emphasis on qualitative factors in the manager selection process is likely to result in the Wilmington Funds and other funds and investment vehicles managed by M&T Bank s affiliated advisors, being included in the strategies. As a result, participation in Portfolio Architect is likely to result in the payment of fund-level fees or other compensation to M&T Bank-affiliated investment advisors. page 3

Portfolio Architect is a long-term investment program with strategies that are built to suit an investor s personal risk levels, needs, and goals. For example, an equity-heavy strategy could accommodate a high risk tolerance, whereas a fixed incomeheavy strategy could better accommodate a low risk tolerance. And, as individual circumstances evolve, you can shift to another strategy in the program that better reflects those circumstances.

v e r s a t i l e A flexible framework Portfolio Architect offers a range of riskadjusted strategies, from the most conservative (largely fixed income) to the most aggressive (largely or all equities). Each Portfolio Architect strategy is designed to seek a competitive return for a given amount of risk. And as your goals and risk appetite evolve, you can transition to a different strategy that may better suit the new you. Current Portfolio Architect strategies with sample asset class allocations:* Conservative Moderately Conservative Moderate Moderately Aggressive Aggressive Equities Fixed Income Real Assets Cash *Breakdown of investments in the portfolios differs from time to time and is for illustrative purposes only. Portfolio Architect Simple. Intelligent. Versatile. page 9

Portfolio Architect programs Core Maintains a broad diversification emphasis, while seeking both capital appreciation and income Broad asset class diversification primarily includes actively managed mutual funds and exchange-traded funds (which seek to outperform an index), but also includes passively managed funds (which seek to meet or track an index) Is offered in strategies with risk tolerance levels that range from Conservative to Aggressive Specialized Portfolio Architect programs: Passive-Oriented Strives for long-term capital appreciation Invests primarily in passively managed funds (seek to meet or track an index s performance), which may have lower fund expenses than actively managed funds (seek to outperform an index) External-Oriented Strives for long-term capital appreciation Invests in external or third-party (non- Wilmington Trust) fund families that are generally familiar to investors Income-Oriented Strives to establish or enhance an income stream Invests in funds believed to have potential to reap the greatest dividends and yield Is offered in strategies with Moderate and Conservative risk tolerance levels Separately Managed Account models Feature large-company stock strategies with income, growth, and core equity options Own mainly individual stocks, so holdings are more easily visible than with mutual funds or exchange-traded funds Have a higher minimum investment threshold than other Portfolio Architect programs Our emphasis on qualitative factors in the manager selection process is likely to result in the Wilmington Funds and other funds and investment vehicles managed by M&T Bank s affiliated advisors, being included in the strategies. As a result, participation in Portfolio Architect is likely to result in the payment of fund-level fees or other compensation to M&T Bank-affiliated investment advisors. Portfolio Architect Simple. Intelligent. Versatile. page 10

Simple. Intelligent. Versatile. Experience the ease of having an all-in-one offering that includes quality investments within well-diversified strategies. Experience the satisfaction that comes from having an investment program supported by knowledgeable professionals who are dedicated to putting clients goals first. Experience the convenience of knowing that Portfolio Architect is versatile enough to accommodate your changing needs. Get started: Talk to a Financial Advisor today at your local M&T Bank branch. Call 1.800.724.7788 to make an appointment. page 3

Important risks and disclosures Portfolio Architect is a managed account program sponsored and managed by M&T Bank ( MTB ) and offered through M&T Securities, Inc. ( MTS ) (member FINRA/SIPC). M&T Bank has engaged M&T Securities, Inc. (member FINRA/SIPC) to provide administrative services to Portfolio Architect customers. Wilmington Trust Investment Advisors, Inc. ( Wilmington Trust ) provides its asset allocation and manager research insights and advice to M&T Bank in support of Portfolio Architect. This communication is not an offer to sell, or the solicitation of an offer to buy, a security. You must meet with an M&T Securities Financial Advisor, complete an investor profile, select a Portfolio Architect strategy, and execute a Portfolio Architect investment management agreement in order to open a Portfolio Architect account. Portfolio Architect is designed for long-term investors. Investment vehicles employed in Portfolio Architect strategies may include mutual funds, exchange-traded funds, closed end funds, and model portfolios of equity and/or fixed income securities. Our emphasis on qualitative factors in the manager selection process is likely to result in the Wilmington Funds and other funds and investment vehicles managed by M&T Bank s affiliated advisors, being included in the strategies. As a result, participation in Portfolio Architect is likely to result in the payment of fund-level fees or other compensation to M&T Bank-affiliated investment advisors. Certain asset classes involve material risks in addition to those typically associated with investments. The distinct risks for any investment strategy should be reviewed and understood prior to investing. Certain asset classes involve material risks in addition to those typically associated with investments in large company stocks and government bonds and should be evaluated in terms of the overall allocation, your investment goals, and your tolerance for risk. Investments in the stocks of smaller capitalization companies generally involve greater volatility and liquidity risks than those in larger, more established companies. International investing involves special risks, including currency fluctuations, different financial accounting standards, and possible political and economic volatility. These risks can be higher when investing in less developed, and often less transparent, emerging markets. Investments such as mutual funds which focus on alternative strategies are subject to increased risk and loss of principal and are not suitable for all investors. These types of investments may use aggressive investment strategies, which are riskier than those used by typical mutual funds, and you may lose more money than if you had invested in another fund that did not invest aggressively. Investment grade bonds are subject to risks with regard to interest and principal payments. Speculative grade (also high yield ) bonds have lower ratings that reflect a greater possibility that the issuer s ability to make interest and principal payments may be, or become, impaired. To the extent that no established secondary market exists, there may be thin trading of high-yield bonds, which increases the potential for volatility. In both cases, longer-term bonds typically exhibit more price volatility than shorter-term bonds. Specific sector investing, such as real estate, can be subject to different and greater risks than more diversified investments. Declines in the value of real estate, economic conditions, and changes in tax laws and interest rates all present potential risks to real estate investments. Commodities investing may be subject to a greater degree of market risk including sensitivity to cyclical economic conditions, sudden political events, and adverse international monetary policies as well as exposures to foreign markets and concentrations in certain industries. Although money market funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in these funds. These risks are for illustrative purposes and are not comprehensive. The distinct risks for any investment strategy should be reviewed and understood prior to investing. Investments: Are NOT FDIC Insured Have NO Bank Guarantee May Lose Value Investment products are not insured by the FDIC or any other governmental agency, are not deposits of or other obligations of or guaranteed by M&T Bank, its affiliates, or any other bank or entity, and are subject to risks, including a possible loss of the principal amount invested. Accounts may lose value over time regardless of any income they may generate. There is no assurance that any investment strategy will be successful. Asset allocation and diversification does not ensure a profit or guarantee against a loss. Indexes are not available for direct investment. Investment in a security or strategy designed to replicate the performance of an index will incur expenses such as management fees and transaction costs which would reduce returns. Brokerage services are offered by M&T Securities, Inc. (member FINRA/SIPC), not by M&T Bank. Wilmington Trust is a registered service mark. Wilmington Trust Corporation is a wholly owned subsidiary of M&T Bank Corporation. Wilmington Trust Company, operating in Delaware only, Wilmington Trust, N.A., M&T Bank and certain other affiliates, provide various fiduciary and non-fiduciary services, including trustee, custodial, agency, investment management and other services. International corporate and institutional services are offered through Wilmington Trust Corporation s international affiliates. Loans, credit cards, retail and business deposits, and other business and personal banking services and products are offered by M&T Bank, member FDIC. Wilmington Trust Investment Advisors, Inc., a subsidiary of M&T Bank, is a SEC-registered investment adviser providing investment management services to Wilmington Trust and M&T Bank affiliates and clients. Portfolio Architect Simple. Intelligent. Versatile. page 12

2018 M&T Bank. CS17144 3/2018