Wells Fargo & Company (NYSE:WFC) is one of the Most Undervalued S&P 500 Stocks to Buy Right Now. On August 25, Wells Fargo & Company’s (NYSE:WFC) Wealth & Investment Management division announced partnering with InvestCloud to offer alternative investments within its Personalized Unified Managed Account program.
Management noted that alternative investment goes beyond stocks, bonds, and cash. It includes hedge funds, private equity, real estate, and other specialized assets. Management highlighted that adding these options will help clients diversify their portfolios more effectively.
The new offering lets advisors and clients hold both traditional and alternative investments in one account. Thereby, simplifies managing portfolios and enhances customization based on individual goals. Moreover, InvestCloud noted that this partnership brings innovative tools that strengthen client-advisor relationships.
Wells Fargo & Company (NYSE:WFC) is a financial services firm that offers banking, investment, mortgage, and lending products.
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Disclosure: None. This article is originally published at Insider Monkey.
