Sound Income Strategies, a Florida-based RIA and money manager, saw its FXED ETF end 2023 in the top 1% of similar funds tracked by Morningstar.
Digital Wealth News has reported in the past that the firm utilizes a range of technology, including electronic communication through account dashboards, videos and artificial intelligence to support its clients and advisors, drive engagement and leverage its guidance.
The fund, launched in 2020 to target fixed-income securities was ranked No. 1 out of 157 peer funds on Dec. 31, 2023, according to a report by Morningstar research firm.
“We are pleased that our diligent work is benefiting our client portfolios and believe that interest rates have peaked for this cycle,” Eric Lutton, Sound Income Strategies’ Chief Investment, said in a press release. “As an actively managed fund, we are confident that FXED will still continue to deliver consistent income to investors, though the Fed will probably look to begin rate cuts during the second half of 2024.”
Sound Income Strategies operates to ETFs. The FIXED ET is for investors who are in retirement or nearing retirement. The firm’s DIVY ETF seeks to generate income via a dividend yield that outperforms the S&P 500 Index.
Sound Income Strategies has more than $2.6 billion in assets under management (AUM). It is part of the Sound Income Group family of financial services divisions.
Sound Income Strategies was launched in 2014 as a wealth management business focused on fee-based, advisory income solutions. The independent RIA has more than $2.6 billion in AUM and also offers income advisory solutions as a third-party subadvisor to wealth management firms. It is part of the Sound Income Group financial services family.