WBI’s Original Active Risk Managed Investment Process
Utilized for nearly 30 years, WBI’s active investment process targets the optimal blend of bear market protection and bull market participation. Our Bull|Bear Strategies combine our time-tested, multi-factor security selection models with our advanced dynamic trailing stop process to protect capital for conservative or moderate investors.
Power Factor Security Selection
- Software screens thousands of domestic and international stocks every night to find companies with the strongest quality fundamentals and the highest dividend yields.
- Requires a stock to be a reasonable value, have positive revenue and earnings trends, and have positive price momentum.
- Designed to keep us invested when market trends are deemed favorable or to build cash when conditions indicate a high degree of risk with a low probability of success.
Dynamic Trailing Stop
- Proprietary parabolic tightening stop process that dynamically adjusts to price-risk on a daily basis.
- At the time of purchase, a price goal and stop allowance are calculated for each security.
- Stops adjust daily and tighten as a security moves higher toward its goal target.
- If the security declines in price and hits its stop, the security is sold.
- Designed to protect capital and harvest gains when they become available to promote a “buy low and sell high” outcome.
|Tax-Smart Structure||Traditional Structure|
|Bull|Bear Tax-Smart Balanced Strategy||Bull|Bear Balanced Strategy|
|Bull|Bear Tax-Smart Retirement Income Strategy||Bull|Bear Retirement Income Strategy|
|Bull|Bear Tax Smart Dividend Income Strategy||Bull|Bear Dividend Income Strategy|
|Bull|Bear Tax-Smart Dividend Growth Strategy||Bull|Bear Dividend Growth Strategy|
|Bull|Bear Tax-Smart Dividend Retirement Strategy|
Past performance does not guarantee future results. This is not an offer to buy or sell any security. No security or strategy, including those referred to directly or indirectly, is suitable for all accounts or profitable all the time. Performance shown is composite performance which includes both Traditional and Tax-Smart Strategies. The Tax-Smart SMA program accounts are subject to investment risk, including the possible loss of principal. The ETFs in the Tax-Smart SMA program accounts may invest in other ETFs, mutual funds, and Exchange-Traded Notes (ETNs) which will subject the account to related additional expenses of each, and the risk of owning the underlying securities held by each. Investment risks may include but are not limited to: market, economic, political, interest rate, currency exchange, leverage, liquidity, credit quality, model, portfolio turnover, trading, REIT, high yield stocks, nondiversification, concentration, commodities, options, new fund, and client specific restrictions. WBI’s Passive ETFs are not actively managed and WBI does not attempt to take defensive positions in declining markets. You should not assume that any discussion or information provided here serves as a substitute for personalized investment advice from WBI or any other investment professional. If you have questions regarding the applicability of specific issues discussed to your individual situation, please consult with WBI or your chosen professional advisor. This information is compiled from sources believed to be reliable, accuracy cannot be guaranteed. WBI’s advisory operations, services, and fees are in the Form ADV, available upon request. The allocation to ETFs can provide increased tax efficiency over traditional SMA approaches. We believe the structure of the Tax Smart Program provides several benefits in addition to the potential for increased tax efficiency. However, Clients should understand that tax-qualified accounts, such as IRAs, do not benefit from any additional tax efficiencies of the “Tax-Smart” structure. Please consult with a tax professional prior to making investment decisions.
The dynamic trailing stop occurs within the holdings of each affiliated WBI ETF for the strategies in the Tax-Smart SMA Program.
WBI has an inherent conflict of interest in investing in or recommending Affiliated ETFs as follows: 1) WBI and affiliates receive management fees from Affiliated ETFs. To avoid receiving two layers of management fees in situations where clients invest in Affiliated ETFs through SMA and Platform accounts, WBI will either: (i) waive the management fee at the account level; or (ii) credit the management fees paid by the Affiliated ETFs to WBI and its affiliates with respect to an account’s investments in Affiliated ETFs against the account-level advisory fees the account owes WBI, and 2) WBI’s affiliated broker-dealer, Millington Securities, Inc., receives compensation (including payment for order flow, commissions or other fees) for transactions effected on behalf of Affiliated ETFs. Trades WBI places through Millington will be subject to WBI’s duty of best execution and applicable law.