SmartTrust® Launches New ITU 60/40 Quality Allocation Strategy and Hires Plant for South East
PARSIPPANY, NJ, July 18, 2019 / PRNewswire / – Hennion & Walsh recently hired Justin Plante as regional vice president for its proprietary business SmartTrust® Unit Investment Trust (UIT). SmartTrust® also recently brought to market an innovative new 2 year ITU strategy called the 60/40 Quality Allocation Trust.
“The 60/40 asset allocation is well known in the industry for the potential benefits which can include capital appreciation, income, diversification and stability of capital,” said Kevin mahn, Director of Investments for SmartTrust®. “At SmartTrust®, we took this asset allocation strategy a step further by defining and selecting high quality equities and fixed income securities for its implementation. “
For the 60% allocation to equities, SmartTrust® considers the common stocks of quality companies that have strong and stable balance sheets, a history of earnings growth and low relative volatility. For the 40% fixed income allocation, which is implemented through investments in exchange traded funds (ETFs) for this strategy, SmartTrust® defines investment-grade fixed income ETFs as those that invest primarily in investment grade US corporate bonds and US government securities, have relatively low volatility and relatively low expense ratios. The first series of the SmartTrust®, 60/40 Grade Allocation Trust filed on July 16, 2019.
Mr. Plante joins as Regional Vice President and External Wholesaler for SmartTrust® covering defined areas in the South East Territory. Prior to Hennion & Walsh, Mr. Plante worked in the wholesale capacities of ITU and ETF for Nuveen and Incapital.
“Justin is a quality person with a solid wholesale background and knowledge of the ITU product,” said Bill walsh, president and co-founder of Hennion & Walsh. “We hope this new hire and our new 60/40 quality strategy will help fuel the continued growth of SmartTrust®,” added Richard hennion, co-founder of Hennion & Walsh.
SmartTrust® UITs, sponsored by Hennion & Walsh, offer diversified income and total return opportunities through innovative investment strategies. Based just outside of New York City, in Parsippany, New Jersey, Hennion & Walsh filed its first SmartTrust® ITU in 2003 and currently has 25 different ITU strategies available for purchase in the primary market. For more information on Hennion & Walsh SmartTrust® ITU products, please contact the company’s internal help desk at (888) 505-2872, or visit www.smarttrustuit.com. Hennion & Walsh is a member of FINRA and SIPC. Additional information about Hennion & Walsh can be found at www.hennionandwalsh.com.
SOURCE Hennion & Walsh