E*Trade has expanded its advice offerings with the addition of actively managed portfolios of non-proprietary mutual funds or exchange-traded funds. They will have a minimum investment threshold of $25,000 and offer a wide range of investment styles from conservative to aggressive growth. The service, residing on PNC Managed Investments’ platform, will also be automatically rebalanced to ensure proper diversification.
“As a result of the volatile markets, investors are looking for easy access to ongoing, high-quality advice that won’t chip away at their investments gains,” said Michael Curcio, president of E*Trade Capital Management. “They want to know that someone is watching out for their nest egg and working to ensure their portfolio stays balanced to help them reach their long-term investing goals.”