PRINCETON, N.J. and
BOCA RATON, Fla., March 31, 2017 /PRNewswire/ -- J.V.B.
Financial Group, LLC (member of FINRA and SIPC, and an indirect
majority owned subsidiary of Institutional Financial Markets, Inc.
(NYSE MKT: IFMI)) ("JVB Financial") today announced that it has
partnered with Olden Lane Securities LLC ("Olden Lane") to launch a
new series of innovative unit investment trusts (UITs) called
Target Outcome Funds.
Target Outcome Funds are a new category of UITs developed by
Olden Lane and designed to offer a liquid, transparent and
cost-effective vehicle for outcome-driven returns. Through
combining US Treasuries and exchange-listed option contracts which
reference ETFs tracking broad-based equity indexes, Target Outcome
Funds can offer efficient exposure to equity-market benchmarks
within certain risk parameters, such as protection against downside
risk. UITs developed on Olden Lane's platform are designed to
provide better liquidity and transparency, and lower counterparty
risk, versus similar products currently offered as structured
notes.
The first series, offered by JVB Financial, is titled "Capped
Performance Portfolio with Buffer Protection Linked to the
SPDR® S&P 500® ETF Trust" and seeks
leveraged capital appreciation based on the three year price
performance of the SPDR® S&P 500® ETF
Trust. The Trust's return will be subject to a cap of 25% and will
seek to provide protection against the first 15% of any decline in
the price of the reference fund, in each case, before fees and
expenses.
"The leveraged buffered strategy has been a very popular
structure used in wealth management channels for years. We've seen
advisors and portfolio managers invest hundreds of millions of
dollars in this strategy in the form of structured notes," said
John G. Tessar III, CFP®, Head of
Structured Investments at JVB Financial. "Through our partnership
with Olden Lane, we can now offer a similar strategy in UIT form
with improved price transparency, daily pricing and liquidity, and
reduced counterparty risk."
"We are excited to partner with JVB Financial to launch our
first product in what will be the next generation of liquid
alternatives," said Michel S.
Serieyssol, Olden Lane Founding Partner. "Our firm was
founded on the belief that UITs offer a superior structure for
outcome-driven investments. We've refined and improved the UIT
architecture so that it can be utilized as an innovative portfolio
management tool to help investors manage their portfolios with
greater discipline, purpose and risk management. UITs
developed on our platform offer strong liquidity and transparency,
reduced counterparty risk, and '40 Act registration, resulting in
more compelling and effective products for investors."
Olden Lane, established in 2015, has assembled a team with
decades of experience in alternative investments, liquid
alternatives, product structuring and distribution – experience
which has been central to the firm's ability to innovate.
For more information about JVB Financial and Olden Lane, please
visit www.jvbfinancial.com and
www.oldenlane.com, respectively.
____________________________________________________
Unit Investment Trusts (UITs) are sold only by prospectus. There
is no assurance that a unit investment trust will achieve its
investment objective. Before Investors make any investment, they
should carefully read the prospectus for more complete information
about securities being offered. Investors should understand
characteristics, risks, and rewards of each UIT as well as those of
the reference asset before making a decision to invest in the
security. Investors should contact their own accounting, tax or
legal advisors to review the suitability of any investment. This
and other information about the UIT is contained in the prospectus
and should be read carefully before investing. To obtain a
prospectus, please contact your financial advisor or download one
at the SEC's EDGAR filing system (sec.gov/edgar.htm) or on the JVB
Financial UIT offerings page:
http://www.jvbfinancial.com/services/trading/unit-investment-trusts-uits/
©2017 JVB Financial Group, LLC. All rights reserved. Unit
investment trusts sponsored by Olden Lane Securities LLC, 200
Forrestal Road, Suite 3B Princeton,
NJ 08540
FOR JVB FINANCIAL GROUP, LLC
John G. Tessar III, CFP®
Managing Director - Structured Products
1825 NW Corporate Blvd, Suite 100
Boca Raton, FL 33431
Tele: 561-939-1269
jtessar@jvbfinancial.com
FOR OLDEN LANE SECURITIES LLC
Michel Serieyssol
Chief Executive Officer
Olden Lane Securities LLC
200 Forrestal Road, Suite 3B
Princeton NJ 08540
Tele: 609-436-9535
mserieyssol@oldenlane.com
MEDIA INQUIRIES:
Ed Rowley
ASC Advisors LLC
Tele: 203 992 1230
erowley@ascadvisors.com
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SOURCE JVB Financial