MMI/Barron’s Industry Awards’ committee spotlights the firm’s tax-managed solutions program
Seattle, Oct.13, 2022 — Russell Investments, a global investment solutions partner, has been selected as one of three finalists for asset manager of the year among mid-size firms in the 2022 Money Management Institute (MMI)/Barron’s Industry Awards. This recognition focuses on the firm’s extensive tax-managed solutions program in a category that, according to MMI, exemplifies innovation in delivering better outcomes for investors and financial advisors.
The annual awards program covers the investment advisor solutions industry and this year features 13 categories. Nominations needed to reflect product solutions, features and capabilities launched or significantly enhanced in the past year. After an open nominating process, finalists were selected by a special review committee representing all segments of MMI’s membership. MMI member firms voted to determine the winners in each category.
“We’re particularly proud to see industry leaders commend our tax-managed solutions program, given we believe increasing advisor and end-investor awareness of this issue is paramount to successful long-term investing,” said Brad Jung, head of North America Advisor & Intermediary Solutions at Russell Investments.
Jung added that every aspect of Russell Investments’ U.S. distribution business is focused on communicating the value of tax awareness: Investment, Consulting and Sales teams work closely with distribution partners to educate advisors on tax-managed investing through joint events and activities, helping advisors incorporate investment tax planning in their wealth management businesses, and guiding them and their clients through the transition process to a tax-managed solution.
In addition, Russell Investments launched two new Direct Indexed PMA (personalized managed accounts) products in 2022, rounding out a comprehensive offering that includes: six tax-managed or tax-exempt multi-manager mutual funds, 13 Tax-Managed Model Strategies (including state-specific models for California and New York) and eight customizable personalized managed accounts.
In order to support advisors, the firm has created an extensive omni-channel program including a dedicated online hub featuring how to transition to a tax-managed investing approach and manage capital gains, the Tax-Managed Advisor Handbook (in conjunction with Deloitte), the Value of Tax-Management tool, a Tax Impact Comparison tool, a Tax-Managed proposal generator, Guides (1099 Review Guide, Tax Season Essentials Guide, and Top 7 Sources of Taxable Assets), the Value of an Advisor Study to help advisors articulate the value of tax-smart planning to their clients, along with numerous blogs and videos.
The 2022 MMI/Barron’s Industry Awards winners will be announced October 20 at the 2022 MMI Annual Conference in Nashville.
Established in 1997, the Money Management Institute is the industry association representing financial services firms that provide financial advice and investment advisory solutions to investors.
About Russell Investments
Russell Investments is a leading global investment solutions firm providing a wide range of investment capabilities to institutional investors, financial intermediaries, and individual investors around the world. Building on an 86-year legacy of continuous innovation to deliver exceptional value to clients, Russell Investments works every day to improve the financial security of its clients. The firm has $299.2 billion in assets under management (as of 6/30/2022) for clients in 32 countries. Headquartered in Seattle, Washington, Russell Investments has offices in 19 cities around the world, including in New York, London, Toronto, Tokyo, and Shanghai.
Contact: Steve Claiborne, 206-505-1858, firstname.lastname@example.org