Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:MacAlpine Wins WisdomTree's First NTF IBD Ally Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, July 25, 2018

MacAlpine Wins WisdomTree's First NTF IBD Ally

Reported by Neil Anderson, Managing Editor

Kurt MacAlpine and his team just landed a key distribution alliance for WisdomTree [profile].

Kurt MacAlpine
WisdomTree
executive vice president, head of global distribution
Effective yesterday, all of WisdomTree's ETFs are now available on Los Angeles-based Cetera Financial Group's NTF (no transaction fee) platform, confirms MacAlpine, executive vice president and global head of distribution at the New York City-based, publicly traded asset manager. The agreement covers the entire Cetera broker-dealer network, including: Cetera Advisors, Cetera Advisor Networks, Cetera Investment Services (dba Cetera Financial Institutions), Cetera Financial Specialists, First Allied Securities, and Summit Brokerage Services.

Sheila Woelfel, head of portfolio solutions at Cetera, puts the deal in the context of the independent B-D networks' "strategic imperative of ensuring a broad offering and providing [Cetera] advisors with an end-to-end Advice Centric experience for this clients." Woelfel was not available for further comment on the deal.

WisdomTree's release confirms that "Cetera receives remuneration from WisdomTree in relation to the ETF program for administrative and other services," but MacAlpine declined to comment on the pricing and terms of the deal.

The deal also involves Cetera-affiliated financial advisors gaining access to WisdomTree's Advisor Solutions program, which includes ETF education, model portfolios, investment research, portfolio construction services, and practice management efforts. And the deal is the first of its kind for WisdomTree. MacAlpine confirms they're on the hunt for more.

"While WisdomTree ETFs are available on all the major wirehouse platforms, as well as large custodian programs such as TD Ameritrade, Schwab, and E*Trade, Cetera is the first IBD platform that WisdomTree has engaged with in a no transaction fee capacity," MacAlpine tells MFWire.

Cetera has nearly 8,000 FAs across its B-Ds, and MacAlpine praises the network as "one of the largest independent broker dealers in the industry with a diverse network of financial advisors." 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use