Lovell Minnick Partners

WisdomTree and Voya Investment Management Co. LLC Launch the WisdomTree Voya Yield Enhanced USD Universal Bond Fund (UNIY)

Retrieved on: 
Tuesday, February 7, 2023
Asset Management, Professional Services, Finance, Prospectus, Voya Financial, Investment, NYSE, Risk, ETF, Fund, USD, Bloomberg, Lovell Minnick Partners, Security (finance), Financial adviser, WisdomTree Investments, VOYA

WisdomTree, Inc. (NYSE: WT), a global financial innovator, and Voya Investment Management Co. LLC (“Voya”), the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today the launch of the WisdomTree Voya Yield Enhanced USD Universal Bond Fund (UNIY) on the NASDAQ.

Key Points: 
  • WisdomTree, Inc. (NYSE: WT), a global financial innovator, and Voya Investment Management Co. LLC (“Voya”), the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today the launch of the WisdomTree Voya Yield Enhanced USD Universal Bond Fund (UNIY) on the NASDAQ.
  • “Today marks another milestone in our relationship with Voya as we launch the WisdomTree Voya Yield Enhanced USD Universal Bond Fund, a collaborative effort reinforcing the demand for broad exposure to the entire US bond market and highlighting our commitment to pursue a better investment and financial experience through the quality of our products, solutions and engagement,” said Rick Harper, Chief Investment Officer, Fixed Income at WisdomTree.
  • Due to the investment strategy of the Fund, it may make higher capital gain distributions than other ETFs.
  • 1 The Bloomberg US Universal Enhanced Yield Index is a broad-based index that provides comprehensive exposure for US dollar-denominated debt, including US investment grade, high yield, and emerging market USD debt, with an additional objective of yield enhancement relative to market cap indices such as US Universal Index

LMP Supports Definiti’s Next Chapter of Growth with New Majority Investment

Retrieved on: 
Thursday, February 2, 2023
Professional Services, Business, Insurance, Human Resources, Finance, Consulting, Organization, Generally Accepted Recordkeeping Principles, Investment, Lovell Minnick Partners, Retirement, Consultant, Acquisition, Ecosystem, Nutter McClennen & Fish, Growth, LMP, History, ERISA, Financial adviser, Defined benefit pension plan

Definiti is a national retirement services firm that supports more than 8,000 workplace organizations and 10,000 retirement plans across the US.

Key Points: 
  • Definiti is a national retirement services firm that supports more than 8,000 workplace organizations and 10,000 retirement plans across the US.
  • This investment will enable Definiti to accelerate investments in client service, technology, innovation, and talent.
  • LMP supports Definiti’s plans to advance its client offerings and organic growth initiatives while continuing its highly successful acquisition strategy.
  • Goodwin Procter served as legal advisor to LMP, and Nutter, McClennen & Fish LLP served as legal advisor to Definiti.

Defiance Announces Fund Closure

Retrieved on: 
Friday, January 27, 2023
Professional Services, Finance, Prospectus, NYSE Arca, Trustee, ETF, Fund, Defiance, Lovell Minnick Partners, Financial adviser, Security (finance)

The Board of Trustees of ETF Series Solutions, upon a recommendation from Defiance ETFs, LLC, the investment adviser to the Defiance Digital Revolution ETF (the “Fund”), has determined to close and liquidate the Fund immediately after the close of business on February 28, 2023 (the “Liquidation Date”).

Key Points: 
  • The Board of Trustees of ETF Series Solutions, upon a recommendation from Defiance ETFs, LLC, the investment adviser to the Defiance Digital Revolution ETF (the “Fund”), has determined to close and liquidate the Fund immediately after the close of business on February 28, 2023 (the “Liquidation Date”).
  • This will cause the Fund to increase its cash holdings and deviate from the investment objective and strategies stated in the Fund’s prospectus.
  • The Fund will no longer accept orders for new creation units after the close of business on the business day prior to the Liquidation Date, and trading in shares of the Fund will be halted prior to market open on the Liquidation Date.
  • Defiance ETFs are distributed by Foreside Fund Services, LLC.

YieldMax Announces Monthly Distributions on YieldMax Option Income Strategy ETFs

Retrieved on: 
Tuesday, February 7, 2023
NAV, Current yield, Prospectus, 7-day SEC yield, Fund, ETF, Lovell Minnick Partners, Financial adviser, Life insurance

The Current Yield is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV.

Key Points: 
  • The Current Yield is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV.
  • The 30-Day SEC Yield represents net investment income, which excludes option income, earned by such ETF over the 30-Day period ended January 31, 2023, expressed as an annual percentage rate based on such ETF’s share price at the end of the 30-Day period.
  • The Current Yield and 30-Day SEC Yield is not indicative of future distributions, if any, on the ETFs.
  • In particular, future distributions on any ETF may differ significantly from its Current Yield or 30-Day SEC Yield.

LMP Expands Leadership Team with Promotions of Irene Hong Edwards and Timothy Rampe to Partner

Retrieved on: 
Thursday, January 12, 2023
Professional Services, Finance, Mentorship, Economics, Lindsay, Keefe, Bruyette & Woods, General counsel, Lovell Minnick Partners, Bachelor of Business Administration, Partnership, Columbia University, Jefferies, Business, LMP, Associate, MBNA, University, Temple University, Japan Campus, Private practice, Administration, Culminating project, Insurance, KPMG, Female, Business administration, Bryant University, Temple University Beasley School of Law, Controller, Georgetown University, KPS Capital Partners, Office administration, Diversity, Temple University, Investment, CPA, Head of Administration, University of Colorado Denver Business School, Corporate finance, Marketing, KPMG LLP, Harvard Law School, Lexington Partners, LBO valuation model, Management, Financial services, Partner, Finance

Lovell Minnick Partners (“LMP”), a private equity firm with a 20+ year track record of partnering with growth-oriented companies, today announced the expansion of its leadership team with the promotions of Irene Hong Edwards and Timothy Rampe to Partner.

Key Points: 
  • Lovell Minnick Partners (“LMP”), a private equity firm with a 20+ year track record of partnering with growth-oriented companies, today announced the expansion of its leadership team with the promotions of Irene Hong Edwards and Timothy Rampe to Partner.
  • “LMP values the importance of developing best-in-class talent and we are excited to recognize the contributions of Irene and Tim with these well-deserved promotions to Partner.
  • Irene and Tim have proven to be invaluable members of the LMP team and have been instrumental to LMP’s growth and success,” said Steve Pierson, Managing Partner at LMP.
  • Mr. Rampe joined the Philadelphia office of LMP in 2018 as the firm's General Counsel and Chief Compliance Officer.

YieldMax Announces Monthly Distributions on YieldMax Option Income Strategy ETFs

Retrieved on: 
Thursday, January 5, 2023
Prospectus, ETF, Lovell Minnick Partners, Current yield, 7-day SEC yield, NAV, Fund, Security (finance), Life insurance, Financial adviser

The Current Yield is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV.

Key Points: 
  • The Current Yield is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV.
  • The 30-Day SEC Yield represents net investment income, which excludes option income, earned by such ETF over the 30-Day period ended December 31st, 2022, expressed as an annual percentage rate based on such ETF’s share price at the end of the 30-Day period.
  • The Current Yield and 30-Day SEC Yield is not indicative of future distributions, if any, on the ETFs.
  • In particular, future distributions on any ETF may differ significantly from its Current Yield or 30-Day SEC Yield.

AllianzIM Announces New Upside Caps for January Series of U.S. Large Cap Buffered ETFs

Retrieved on: 
Tuesday, January 3, 2023
Finance, Banking, Accounting, Professional Services, Insurance, Allianz, Lovell Minnick Partners, Cap, Tax, Risk, Prospectus, Buffer, Uncertainty, Insurance, ETF, Net, AUM, Risk management, Fund, Financial adviser, Life insurance

“As we begin 2023 with market uncertainty and rising interest rates, our suite of Buffered ETFs provides investors and advisors with expansive risk mitigation tools to navigate ongoing volatility.

Key Points: 
  • “As we begin 2023 with market uncertainty and rising interest rates, our suite of Buffered ETFs provides investors and advisors with expansive risk mitigation tools to navigate ongoing volatility.
  • The 12-month Outcome Period of the January series ETFs will be January 1, 2023 to December 31, 2023 and the 6-month Outcome Period will be from January 1, 2023 to June 30, 2023.
  • Each Outcome Period reflects a new stated Cap commensurate with prevailing market conditions, allowing investors to remain invested with a level of risk mitigation.
  • “AllianzIM has a long history of equipping investors with the tools needed to navigate the ups and downs of the market cycle,” added Muench.

National Auto Care to Combine with APCO Holdings, LLC Following Successful Partnership with Lovell Minnick Partners

Retrieved on: 
Tuesday, January 3, 2023
General Automotive, Professional Services, Automotive, Finance, GAP, Partnership, LMP, Lovell Minnick Partners, APCO, Weil, Gotshal & Manges, Mergers and acquisitions, NAC, RV, Investment, Partner, Senior, Sale, Financial services, Risk management

Lovell Minnick Partners (“LMP”), a private equity firm focused on investments in financial services, financial technology, and related business services, today announced the sale of National Auto Care (“NAC” or the “Company”) to APCO Holdings, LLC (“APCO”).

Key Points: 
  • Lovell Minnick Partners (“LMP”), a private equity firm focused on investments in financial services, financial technology, and related business services, today announced the sale of National Auto Care (“NAC” or the “Company”) to APCO Holdings, LLC (“APCO”).
  • This transaction marks the completion of a successful partnership between LMP and NAC that began just over four years ago.
  • During that time period, NAC grew aggressively to become one of the leading national finance & insurance (“F&I”) platforms in the industry.
  • Over the past four years, in partnership with LMP, NAC has rapidly expanded its business through a combination of organic growth initiatives and strategic acquisitions.

WisdomTree Launches U.S. Quality Growth Fund (QGRW)

Retrieved on: 
Thursday, December 15, 2022
ETP, NYSE, Prospectus, Lovell Minnick Partners, WisdomTree Investments, Cryptocurrency, Bank, Life insurance, Financial adviser, Fund, Index

NEW YORK, Dec. 15, 2022 (GLOBE NEWSWIRE) -- WisdomTree, Inc. (NYSE: WT), a global financial innovator, announced today the launch of the WisdomTree U.S. Quality Growth Fund (QGRW) on the New York Stock Exchange (NYSE).

Key Points: 
  • NEW YORK, Dec. 15, 2022 (GLOBE NEWSWIRE) -- WisdomTree, Inc. (NYSE: WT), a global financial innovator, announced today the launch of the WisdomTree U.S. Quality Growth Fund (QGRW) on the New York Stock Exchange (NYSE).
  • QGRW seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Quality Growth Index (WTQGRW) and has an expense ratio of 0.28%.
  • The incorporation of both quality and growth scores also results in the exclusion of the bottom ranked companies on each individual metric.
  • QGRW focuses on the following criteria:
    Composite Quality and Growth Ranking: Rank all eligible companies on 50% Quality and 50% Growth Metrics
    Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund before investing.

WisdomTree Announces Nine New Blockchain-Enabled Funds are Effective with the SEC

Retrieved on: 
Wednesday, December 14, 2022
ETP, United States Treasury security, WisdomTree Investments, Blockchain, NYSE, Government, Rest, Fraud, Falmouth Foreside, Maine, Stealth Inc 2: A Game of Clones, USFR, Prospectus, Asset, Database, Lovell Minnick Partners, Theft, Digital, Cyprus Securities and Exchange Commission, United States Department of the Treasury, Cryptocurrency, Online shopping

Access to WisdomTree’s digital funds is anticipated to be through the WisdomTree Prime mobile application, with transactions facilitated by WisdomTree Securities, Inc.2 The waitlist for WisdomTree Prime is open.

Key Points: 
  • Access to WisdomTree’s digital funds is anticipated to be through the WisdomTree Prime mobile application, with transactions facilitated by WisdomTree Securities, Inc.2 The waitlist for WisdomTree Prime is open.
  • WisdomTree is a global financial innovator, offering a well-diversified suite of exchange-traded products (ETPs), models and solutions.
  • We empower investors to shape their future and support financial professionals to better serve their clients and grow their businesses.
  • WisdomTree is leveraging the latest financial infrastructure to create products that provide access, transparency and an enhanced user experience.