April 4, 2012, 4:32 p.m. EDT
Article from Market Watch
OMAHA, Neb., Apr 04, 2012 (BUSINESS WIRE) -- Mutual of Omaha’s Retirement Plans Division and Mutual of Omaha Investor Services, Inc. (MOIS), have announced a new strategic alliance with W.E. Donoghue & Co., Inc. (WEDCO) to provide wholesale distribution of its long-term investments including WEDCO’s Power Income Fund.
This alliance with WEDCO is part of Mutual of Omaha’s Retirement Plans Division and MOIS’ strategy to expand its established and successful asset management distribution by building alliances with innovative fund companies with the objective of providing risk controlled or defensive strategies.
“The Power Income Fund’s strong track record of trading between high yield bond funds and money markets to maximize outcomes while minimizing risk during economic shifts is an attractive option for advisors looking for retirement and long-term savings solutions for their clients,” said Seth Friedman, national sales director for Mutual of Omaha’s Retirement Plans Division.
Friedman also noted that the company expects to form strategic alliances with additional fund managers that feature risk controlled or other defensive strategies in the coming months.
“W.E. Donoghue is proud to announce our distribution alliance with Mutual of Omaha. As a seasoned asset management wholesaling team, Mutual of Omaha fits perfectly into our business model and provides the depth of professionalism WEDCO is privileged to collaborate with,” said Curt Meyer, managing director, W.E. Donoghue & Co., Inc. “We are confident this alliance will impact our growth initiatives across all channels and look forward to a long, healthy relationship with Mutual of Omaha.”
About W.E. Donoghue & Co., Inc:
W.E. Donoghue & Co., Inc (WEDCO) is a registered investment advisor established in 1986. The firm is a pioneer in the industry in providing tactical asset allocation solutions. WEDCO manages in excess of $650 million for individual and institutional separate account clients as well as mutual fund clients. The firm has been recognized by institutional and independent advisors as an investment solution highly sought out by their clients.
About Mutual of Omaha
Founded in 1909, Mutual of Omaha is a full-service, multi-line provider of insurance and financial services products for individuals, businesses and groups throughout the United States. With a client base of nearly 21,000 employer groups nationwide, Mutual of Omaha offers a wide range of plan designs and delivery options for employee benefits, including disability, life, dental, voluntary, special risk and retirement plans.
Mutual Funds involve risk including the possible loss of principal. Derivatives are subject to credit risk and liquidity risk. Additionally, even a small investment in derivatives may give rise to leverage risk, and can have a significant impact on the Fund's performance. In general, the price of a fixed income security falls when interest rates rise. The Fund will invest in high yield securities, also known as "junk bonds." High yield securities provide greater income and opportunity for gain, but entail greater risk of loss of principal. Mutual funds and ETFs are subject to investment advisory and other expenses, which will be indirectly paid by the Fund. As a result, your cost of investing in the Fund will be higher than the cost of investing directly in other mutual funds and ETFs and may be higher than other mutual funds that invest directly in fixed income securities. The Fund will incur a loss as a result of a short position if the price of the short position instrument increases in value between the date of the short position sale and the date on which the Fund purchases an offsetting position. A higher portfolio turnover will result in higher transactional and brokerage costs.
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Power Income Fund. This and other information about the Fund is contained in the prospectus and should be read carefully before investing. The prospectus can be obtained by calling toll free 1-877-779-7462 (1-877-7-PWRINC). The Power Income Fund is distributed by Northern Lights Distributors, LLC member FINRA.
SOURCE: Mutual of Omaha
Mutual of Omaha
Lisa Wadell Smith, 402-351-5941
lisa.wadell@mutualofomaha.com
Article from Market Watch