Bank of the West is expanding its lineup of investment portfolios available to clients.
The San Francisco-based bank launched new proprietary ETF portfolios that it says provide exposure to global investment opportunities by leveraging the international perspective of its parent, BNP Paribas.
Now more than ever, investing requires a global perspective. Given that our parent BNP Paribas has a presence in more than 80 countries, were uniquely positioned to leverage that insight and deliver on that mandate, John Morris, head of client solutions for Bank of the Wests Wealth Management Group, said in an announcement Monday.
The new ETF portfolios follow the banks launch last November of proprietary mutual fund portfolios. Both are available to banking clients with more than $50,000 in investable assets through Bank of the Wests Investment Advisory Solutions platform, which employs open architecture.
In June, the bank expanded access to its investment offerings to a broader range of customers. Its managed portfolios had previously only been available to higher-end trust clients.
The new ETF portfolios incorporate ETFs selected by the groups Investment Advisory and Management team. They employ proprietary asset-allocation strategies, incorporate tactical asset allocation and provide the choice of California or national municipal bond exposure. They also offer 100% equity or fixed income options for clients who seek exposure to only one or the other asset class, according to the banks announcement.
Were building on our commitment to offer bank clients solutions that have traditionally been the exclusive domain of institutions and high-net-worth investors, John Bahnken, head of the banks Wealth Management Group, said in a statement. The ETF portfolios complement what we believe are a substantial, open architecture suite of proprietary and non-proprietary investment products available at Bank of the West.