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Portfolio company NextCapital has announced a partnership to deliver State Street's new cost-effective and tech-enabled ETF models through its open-architecture platform. Each model contains 8-12 SPDR ETFs and has a minimum investment of $5k.
"The new ETF portfolios will enable our independent broker dealer clients to provide a variety of cost-effective investment options to help meet the changing regulatory demands," said Brett Thorne, Head of RBC Correspondent and RBC Advisor Services. "We will always go the extra mile to provide our clients with exceptional products and investment choices they need for their clients. Earlier this year, SSGA and RBC CS announced the launch of No-Transaction Fee (NTF) ETF program, which allows correspondent firms to diversify their clients into broad market segments at a relatively low-cost without incurring transaction fees.
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