WINDSOR, Conn., May 19, 2016 /PRNewswire/ -- Voya Financial,
Inc. (NYSE: VOYA), announced today that its retail broker-dealer
and registered investment advisor Voya Financial Advisors, Inc.,
has launched the Voya Wealth Portfolios product, the latest
addition to its suite of turnkey offerings available on the firm's
WealthSolutions wealth management platform. As a result of
this new advisory-focused solution, financial advisors affiliated
with Voya Financial Advisors now have access to leading fund
families and the ability to provide a best-in-class team approach
to constructing investment portfolios. This strategy is focused on
finding the right asset allocation mix to match a client's
individual financial needs and risk tolerance.
The Voya Wealth Portfolios product supports the firm's ongoing
commitment to strengthen its advisory business, which grew by 30
percent during 2015. The new offering also provides an opportunity
for advisors to deliver holistic support that can help clients get
ready to retire better by planning, investing and protecting their
savings. This reinforces Voya's efforts to further expand its
advisory business.
"The introduction of Voya Wealth Portfolios provides an added
opportunity for our advisors to focus on what matters most —
deepening client relationships, building holistic financial plans
and running their businesses," said Tom Halloran, president of
Voya Financial Advisors. "As a leading broker-dealer and investment
advisor in the industry, it's important that we arm our advisors
with the right solutions to help their clients plan and feel
confident about their future. In doing this, we are also
positioning ourselves to be successful in the new regulatory
environment while supporting our vision to be America's Retirement
Company™."
Voya Wealth Portfolios is a turnkey solution that includes four
different series of portfolios that are fully invested in a
specific mutual fund company. These fund partners represent four
leading brands in the industry with successful track records.
Within each of the Voya Wealth Portfolios are five model options
that advisors can work with to give them broad flexibility when
building an investment portfolio for their clients.
Advisors who operate with Voya Wealth Portfolios have access to
an institutionally recognized sub-advisor known for robust research
and investment consulting services. Working together with Voya
Financial Advisors, the firm FDx Advisors provides investment and
research support to help manage the asset allocation as well as the
fiduciary risk in the fund selection for Voya Wealth Portfolios.
With an objective of growth by generating interest, capital gains
and dividends for individual accounts, each model maintains an
appropriate risk level and is adjusted annually in response to
changes in the market.
Since its launch, the Voya Wealth Portfolios offering is proving
to be popular with advisors — even drawing new advisors to the
advisory platform. "We've seen great interest among advisors,"
commented Andre Robinson, head of
advisory services at Voya Financial Advisors. "Working together
with FDx and the fund companies, we designed a solution that allows
us to move commission-based accounts into advisory accounts with
comparable funds. With this approach, portfolios are reviewed by
fund managers that our advisors and clients have come to know and
trust."
Voya Wealth Portfolios also allows advisors to better integrate
advisory solutions for clients with smaller accounts. Steve Dunlap, president and COO of FolioDynamix,
noted, "Our team of research professionals worked closely with
hand-picked investment managers to put the most optimal, innovative
solution in place for Voya Financial Advisors. The Voya models are
constructed and monitored based on risk-tolerance assessments to
determine proper asset allocation, enabling advisors to offer a
professionally managed advisory account option to investors of any
size."
With the broad range of available models, advisors are able to
align their clients with the investment portfolio that best suits
their needs. "The decisions made with my clients on how to invest
their funds may impact nearly every aspect of their lives down the
road," noted Joe O'Boyle, a
California-based advisor with Voya
Financial Advisors. "With so much at stake, it's great to have a
solution that can support their personalized goals while offering
access to professionals with the extensive experience, tools and
resources."
In support of its expanding advisory business, Voya Financial
Advisors also provides a "white glove" services team and suite of
resources to assist advisors with all aspects of growing their
advisory business, including support with best practices, case
consultation, product and technology training, and conversion
assistance.
Voya Financial Advisors is an independent broker-dealer and
registered investment advisor focused on helping advance the
retirement readiness and financial security needs of Americans. For
more information, visit www.voyafa.com.
As an industry leader and advocate for greater retirement
readiness, Voya Financial is committed to delivering on its vision
to be America's Retirement Company™ and its mission to make a
secure financial future possible — one person, one family, one
institution at a time.
Media Contact:
Laura Maulucci
Voya Financial
Office: (860) 580-1278
Cell: (508) 353-6913
Laura.Maulucci@voya.com
Investor Contact:
Darin Arita
212-309-8999
IR@voya.com
About Voya Financial®
Voya Financial, Inc.
(NYSE: VOYA), helps Americans plan, invest and protect their
savings — to get ready to retire better. Serving the financial
needs of approximately 13 million individual and institutional
customers in the United States,
Voya is a Fortune 500 company that had $11 billion in revenue in 2015. The company had
$458 billion in total assets under
management and administration as of March
31, 2016. With a clear mission to make a secure financial
future possible — one person, one family, one institution at a time
— Voya's vision is to be America's Retirement Company™. The company
is equally committed to conducting business in a way that is
socially, environmentally, economically and ethically responsible —
Voya has been recognized as one of the 2016 World's Most Ethical
Companies® by the Ethisphere Institute, and as one of
the Top Green Companies in the U.S., by Newsweek magazine.
For more information, visit voya.com. Follow Voya Financial on
Facebook and Twitter @Voya.
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SOURCE Voya Financial, Inc.