Introduction of the ETF portfolios is an enhancement to its open architecture Investment Advisory Solutions (IAS) platform, which already includes mutual fund portfolios. The portfolios were previously reserved to the firm’s Trust Services clients.
Bank of the West Wealth Management Group client solutions head and senior vice president John Morris said that the asset allocation model drives the mutual fund and ETF portfolios.
"These proprietary ETF portfolios will extrapolate meaningful information from around the globe and use that information to align the portfolios with the current market environment," Morris added.
Leveraging novel asset allocation strategies, the portfolios delivers clients with a disciplined process that includes a range of risk tolerance-defined investment objectives.
The ETF portfolios comprise tactical asset allocation plans, with the capability to make small adjustments over time to deal with the changing investment environment.
It also incorporates taxable and tax-efficient strategies, with California or national municipal bond exposure option.
Bank of the West Wealth Management delivers wealth planning, investment management, personal banking, and trust services.
