Seeds Partners with Alliancebernstein to Expand Values-Aligned Portfolio Offering
April 13, 2021 at 09:30 am
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Seeds has partnered with AllianceBernstein (AB) to further its efforts toward offering multi-asset-class, values-aligned portfolios to financial advisors. Through the partnership, advisors on the Seeds platform will gain access to a wider range of investment options to meet their clients’ environmental, social, and governance (ESG)-based investing objectives. The AB partnership is the second major collaboration announced by Seeds in recent weeks, following its integration with JUST Capital to deliver comprehensive and actionable insights into ESG-based investor portfolios.Advisors on the Seeds platform will benefit from AB’s longstanding reputation of delivering quality investment management solutions and itstrack record of corporate social responsibility. Seeds users will initially gain access to AB’s Municipal Impact Portfolio, a separately managed account strategy, with plans to add additional ESG-focused strategies throughout the year. Seeds will present AB strategies as part of diversified portfolio proposals that more comprehensively reflect investor values and financial goals. Through the Seeds platform, advisors can assess investor needs and preferences through a simple diagnostic process, then present a holistic allocation that can fully replace traditional portfolios. With Municipal Impact, Seeds can now offer tax-free bond exposure with real-world impact. ESG issues remain in focus for investors amid the ongoing global pandemic, emerging climate disasters, and social justice issues. The Municipal Impact offering was designed to generate income for investors while maximizing the social and environmental impact of investing dollars, giving investors an opportunity to take meaningful action.
AllianceBernstein National Municipal Income Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide high current income exempt from regular federal income tax. The Fund is focused on investing approximately 80%, and normally substantially all, of its net assets in municipal securities paying interest that is exempt from regular federal income tax. The Fund also normally invest at least 75% of its assets in investment-grade municipal securities or unrated municipal securities. The Fund may invest up to 25% of its net assets in municipal bonds rated below investment-grade and unrated municipal bonds. The Fund also invests in securities of other open- or closed-end investment companies that invest primarily in municipal bonds of the types in which the Fund invests directly. The Fund's investment adviser is AllianceBernstein L.P.