CFS Launches New Portfolio
The credit union broker dealer and investment firm CUSO Financial Services LP has rolled out ActivePassive Portfolios, a new offering involving index and actively managed funds.
The ActivePassive provides a blend of both active and passive, index-based investment strategies, according to CFS. Advisers using the CFS platform can select from 14 different ActivePassive categories in order to meet a range of investor risk profiles from aggressive to conservative and to serve different investor tax situations.
The ActivePassive Portfolios, which are on the CUSO asset management platform, are managed by FundQuest. The portfolio provides managed account solutions, technology-based productivity tools, investment due-diligence, back-office operations, and reporting services to more than 180 financial firms and their advisors.