Beta Wealth Group (BWG) has launched Beta Asset Management (BAM) which offers institutional investors access to its premier third-party investment solution – an options overlay strategy with one of the longest track records in the industry – the Beta Enhanced Income Strategy.
Nearing the 10-year anniversary of its inception, the Beta Enhanced Income Strategy is managed as an overlay on top of the allocator’s current portfolio as a means of capturing and enhancing yield through options.
Jodi Vleck, Founder and CEO of BWG and Beta Asset Management, implemented the Strategy in 2009. Initially, the Strategy was reserved for clients of BWG. After numerous requests over the years from other wealth managers and institutions, she made the decision to proceed with a separate asset management division of the firm with the sole purpose of offering the overlay to outside firms.
“When I developed the Beta Enhanced Income Strategy, nearly 10 years ago, my goal was to offer clients an alternative income-producing option which could be managed on top of their diversified portfolios, providing an opportunity to achieve additional income while maintaining a relatively low risk-reward profile,” Vleck says. “However, as the Strategy’s popularity grew within our client base, so did demand from outside money managers. After years of careful planning, research and a live track record, we are elated to announce the launch of Beta Asset Management. The launch of BAM allows institutional managers to remain in control of their assets in house while supplementing their portfolios with our proprietary overlay strategy aimed at enhancing income.”
For the past several years, Giri Krishnan has served as co-portfolio manager to the Strategy, alongside Jodi Vleck. Most recently, Ryan Ballantyne joined the Beta Asset Management team as Director, Business Development, in an effort to support the firm’s continuous growth.