Lord Abbett and Wilshire Associates have partnered to launch Pro Active Income Solutions, an actively managed approach designed to deliver income for the independent advisory market. The solution combines Wilshire’s dynamic asset-allocation capabilities and Lord Abbett’s comprehensive suite of fixed income mutual funds.
There are two initial offerings, the Active Income Opportunities Portfolio, which aims to deliver 1.5% above the 10-year Treasury, and the Active Tax Free Income Opportunities Portfolio, which aims to deliver 1.5% above the 10-year muni yield.
“This is an exciting opportunity to expand our longstanding institutionally based relationship with Wilshire and to create customized investment solutions for the independent adviser,” said Daria Foster, a managing partner at Lord Abbett. “This new relationship allows us to combine the expertise of both firms while providing this strategically important market with a competitive asset-allocation solution.”