Defined outcome solutions empower advisors to build investments with pre-defined return and risk profiles. Available as individual structured notes, market-linked CDs, yield-based separately managed accounts (SMAs) and ’40-Act funds, these solutions include features such as principal protection, increased yield, and enhanced return, allowing for use across a wide range of investors and investment objectives.
Menu of Defined Outcome Solutions
STRUCTURED PRODUCTS
Axio from iCapital works with the largest assortment of investment grade banks to create a wide range of customizable structured notes and certificates of deposit designed to help financial advisors customize investments to best align with market views and meet specific needs in client portfolios.
SEPARATELY MANAGED ACCOUNTS (SMAs)
Our defined outcome strategies SMAs provide professionally managed, diversified exposure to income-focused structured notes without requiring single product purchases or life cycle management. This allows advisors to better scale structured notes across a wider array of clients without worrying about the investment and operational complexities that come with individual notes. Our SMA solution won Structured Retail Products’ “Most Innovative Product” for North and South America in 2021.
m+ funds
Our defined outcome ’40-Act funds provide daily liquidity at NAV and are offered on both a monthly and customized basis without credit risk. These funds can provide enhanced upside participation, buffered downside, or partial or full principal protection at maturity with greater certainty of investment results.
Compare Defined Outcome Solutions
| Structured Products | SMAs | m+ funds (UITs) | |
|---|---|---|---|
| Investment Minimum | $1,000 | $100,000 | None |
| Portfolio Management | NA | Active | Passive |
| Fiduciary | No | Yes | Yes |
| Term | Defined maturity | Continuous | Defined maturity |
| Liquidity | Secondary market provided by issuing bank or third-party provider. | Secondary market provided by issuing bank or third-party provider. | Daily at NAV. Not exchange listed. |
| Transparency of Fees & Assets | Low | High | High |
| Market Risk | Yes | Yes | Yes |
| Issuer Credit Risk | Yes | Yes, but diversified among multiple issuers. | No |
| Publicly Available NAVs or Values | No* | No* | Yes |
* Structured notes and SMAs provide publicly available secondary values that appear daily on client statements.
| Structured Products | |
|---|---|
| Investment Minimum | $1,000 |
| Portfolio Management | NA |
| Fiduciary | No |
| Term | Defined maturity |
| Liquidity | Secondary market provided by issuing bank or third-party provider. |
| Transparency of Fees & Assets | Low |
| Market Risk | Yes |
| Issuer Credit Risk | Yes |
| Publicly Available NAVs or Values | No* |
* Structured notes and SMAs provide publicly available secondary values that appear daily on client statements.
| SMAs | |
|---|---|
| Investment Minimum | $100,000 |
| Portfolio Management | Active |
| Fiduciary | Yes |
| Term | Continuous |
| Liquidity | Secondary market provided by issuing bank or third-party provider. |
| Transparency of Fees & Assets | High |
| Market Risk | Yes |
| Issuer Credit Risk | Yes, but diversified among multiple issuers. |
| Publicly Available NAVs or Values | No* |
* Structured notes and SMAs provide publicly available secondary values that appear daily on client statements.
| m+ funds (UITs) | |
|---|---|
| Investment Minimum | None |
| Portfolio Management | Passive |
| Fiduciary | Yes |
| Term | Defined maturity |
| Liquidity | Daily at NAV. Not exchange listed. |
| Transparency of Fees & Assets | High |
| Market Risk | Yes |
| Issuer Credit Risk | No |
| Publicly Available NAVs or Values | Yes |
* Structured notes and SMAs provide publicly available secondary values that appear daily on client statements.
To learn more about Axio from iCapital defined outcome solutions:
Alternative investment products and services offered by iCapital Securites, LLC, a registered broker-dealer, member of FINRA and SIPC, and subsidiary of iCapital, Inc. Defined Outcome Solution products and services offered by Axio Financial LLC, a registered broker-dealer, member of FINRA and SIPC, and subsidiary of iCapital, Inc.
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