Select Advisors, Inc. has added a new product to its asset management services called Market Value Portfolio. MVP, a wrap account or group of funds sold as a package to advisers, brings together a portfolio of commission-free, passively-managed funds like index and market funds. "Since MVP performance is not dependent on an adviser's or manager's ability to time the markets or pick stocks, it's the perfect service for a particularly volatile stock market," said Jack Waymire, president and chief executive officer of SAI.

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