SEATTLE--(BUSINESS WIRE)--Russell Investments announced today an agreement with U.S. Bancorp Investments, Inc., to provide their clients nationwide with access to Russell’s globally diversified, asset allocated LifePoints Funds and Model Strategies. U.S. Bancorp Investments offers investors access to Financial Advisors and Financial Specialists through more than 2,700 branches across the USA who work with individuals to develop and manage long-term financial plans.
Pamela Dawson, Director, Bank Channel Distribution at Russell, said, “We are very excited to begin our working relationship with U.S. Bancorp Investments. Our product solutions combined with a range of client-engagement tools and on-the-ground support from our national network of regional directors and sales associates are a perfect fit with U.S. Bancorp’s hands-on, individual client-relationship management. Together, we can provide a value-added solution for helping individuals achieve their long-term financial security.”
Under the terms of the agreement, U.S. Bancorp Investments offers clients access to Russell LifePoints Target Portfolio Series, both Class A Shares and Class C Shares, as well as Model Strategies via their fee-based platform. Russell also makes available its proprietary capital markets insights and a wealth of other resources aimed at helping financial professionals continuously engage their clients and assure more constructive conversations that are critical to their long-term financial goals.
“Our clients look to us for guidance on managing both their day-to-day and long-term financial needs,” said Angela O’Leary, Head of Investment Products for U.S. Bancorp Investments. "Russell LifePoints Funds and Model Strategies provide additional global diversification to complement the investment solutions provided by our Financial Advisors. They enable advisors to further focus their resources on what matters most – helping clients achieve their goals."
Dawson added that Russell believes that individual investors are best served by qualified Financial Advisors and, since the 1980s, Russell has been providing investment solutions, capital markets expertise, and practice management guidance to financial intermediaries. In the U.S. market, Russell currently works with numerous financial intermediaries, including registered investment advisors (RIAs), and financial professionals from wirehouses, independent broker/dealers, insurance companies and banks.
About Russell
Russell Investments is an independent, global financial services firm that provides strategic advice, investment solutions, implementation services and global performance benchmarks that are customized to meet the unique needs of institutional investors, Financial Advisors and individuals. Celebrating its 75th anniversary in 2011, 25 years in Sydney and Tokyo and 15 years in the Netherlands, Russell has pioneered innovations that have come to define many of the practices that are standard in the investment world today, and has four decades of experience researching and selecting money managers globally.
Russell has about $163 billion in assets under management (as of 6/30/11) and works with 2,300 institutional clients, 530 independent distribution partners and millions of individual investors globally. As a consultant to some of the largest pools of capital in the world, Russell has $2 trillion in assets under advisement (as of 12/31/2010) and traded $1.4 trillion last year through its implementation services business. The Russell Global Indexes calculate over 50,000 benchmarks daily covering 63 countries and more than 10,000 securities.
Founded in 1936, Russell is headquartered in Seattle, Washington, USA and has offices in Amsterdam, Auckland, Chicago, London, Melbourne, Milan, New York, Paris, San Francisco, Seoul, Singapore, Sydney, Tokyo and Toronto. For more information about how Russell helps to improve financial security for people, visit www.russell.com.
About U.S. Bancorp Investments, Inc.
Investment products and services are available through U.S. Bancorp Investments, Inc., member FINRA and SIPC, an investment adviser and a brokerage subsidiary of U.S. Bancorp and an affiliate of U.S. Bank. Insurance products, including annuities, are available through U.S. Bancorp Insurance Services, LLC; U.S. Bancorp Investments, Inc., in Montana; U.S. Bancorp Insurance Services of Montana, Inc.; and in Wyoming, U.S. Bancorp Insurance & Investments, Inc. All are licensed insurance agencies and subsidiaries of U.S. Bancorp and affiliates of U.S. Bank. Policies are underwritten by unaffiliated insurance companies and may not be available in all states. 0911250
| Not a Deposit | Not FDIC Insured | Not Guaranteed by the Bank | May Lose Value |
Not Insured by Any Federal Government Agency |
Russell Investment Group, a Washington, USA corporation, operates through subsidiaries worldwide including Russell Investments. Russell Investment Group is a subsidiary of The Northwestern Mutual Life Insurance Company.
The LifePoints® Funds are a series of fund of funds which expose an investor to the risks of the underlying funds proportionate to their allocation. Investment in LifePoints Funds involves direct expenses of each fund and indirect expenses of the underlying funds, which together can be higher than those incurred when investing directly in an underlying fund.
Each of the LifePoints® Funds, Target Portfolio Series, invests its assets in shares of a number of underlying Russell Funds. From time to time, the fund's adviser may modify the target strategic asset allocation for any fund and/or the underlying funds in which a fund invests including the addition of new underlying funds. A Fund's actual allocation may vary from the target strategic asset allocation at any point in time.
Model Strategies are exposed to the specific risks of the funds directly proportionate to their fund allocation. The funds comprising the strategies and the allocations to those funds have changed over time and may change in the future.
Fund objectives, risks, charges and expenses should be carefully considered before investing. A prospectus containing this and other important information can be obtained by calling (800) 787-7354 or visiting www.russell.com. Please read the prospectus carefully before investing.
Please remember that all investments carry some level of risk, including the potential loss of principal invested. They do not typically grow at an even rate of return and may experience negative growth. As with any type of portfolio structuring, attempting to reduce risk and increase return could, at certain times, unintentionally reduce returns.
Securities products and services offered through Russell Financial Services, Inc., member FINRA, part of Russell Investments.
Russell Investments is the owner of the trademarks, service marks and copyrights related to its indexes.
Russell Investment Group is an independent organization and is not affiliated with U.S. Bancorp Investments.
First Used: September 2011.
CORP-6758