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.