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Ally Invest expands set of digital managed portfolio offerings for investors.

BANKING AND CREDIT NEWS-May 30, 2019-Ally Invest expands set of digital managed portfolio offerings for investors

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Ally Invest, the brokerage and wealth management arm of Ally Financial, has announced it plans to introduce a series of new, professionally managed portfolio offerings throughout 2019, the company said.

Available immediately are two new offerings: a tax-optimization feature that can be applied to any Ally Invest managed portfolio and a new income-based managed portfolio.

Ally Invest's Tax Advantaged Portfolios are a more tax-efficient version of the firm's core portfolios. They are constructed with a particular asset allocation, featuring municipal bonds, that is designed to be tax-efficient while still providing returns in line with the customer's goals.

The new Income Portfolio offers investment options that are focused first-and-foremost on providing near-term income while also preserving and continuing to grow customers' overall assets. This portfolio offers a greater concentration of high dividend/yield securities along with fixed income securities.

All of Ally Invest's Managed Portfolios are specially designed for investors seeking the benefits of professional portfolio management with the low management fees of automated investing.

Ally Invest is the brokerage and wealth management offering from Ally that exists alongside the firm's award-winning online banking products. Ally Invest offerings consist of a low-cost trading platform for self-directed investors, as well as a suite of affordable, automatically-managed investment portfolios, both delivered through a fully-transparent online process. The combination of low-cost investing with Ally's competitive deposit products gives customers a powerful value proposition for managing their financial well-being.

Ally Financial Inc. (NYSE: ALLY) is a digital financial-services company with assets of USD 180.1 billion as of March 31, 2019.

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Publication:M2 Banking & Credit News (BCN)
Date:May 30, 2019
Words:291
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