As part of its ongoing mission to offer an expanded menu of offerings to investors beyond separately managed accounts, Lockwood Advisors has unveiled a mutual fund wrap program that offers its products to investors for as little as $25,000. The program is part of its platform for independent financial advisers.
"Until we developed this program, our research was applied primarily to the separately managed accounts that have been our hallmark," said Christopher W. Tomecek, president of Lockwood Advisors. "Now, we have taken one of the major strengths of our firm and leveraged its applicability to a much broader market."
The five investment strategies that Lockwood will offer in this wrap program are: current income, growth and income, conservative growth, moderate growth and growth. Along with SMAs, Lockwood now offers mutual funds, hedge funds, mortgages, municipal bond ladders and passive fixed income strategies.