NEW YORK and PRINCETON, N.J., Nov. 14, 2017 (GLOBE NEWSWIRE) — Olden Lane Securities LLC and AXIO Financial announced that they have formed a distribution partnership. Olden Lane is an innovative financial services company that has pioneered the development of a new form of outcome-oriented Unit Investment Trusts (UITs). AXIO delivers institutional quality distribution to financial advisors, through advanced proprietary technology and an experienced in-house sales force.
The partnership will involve AXIO distributing Olden Lane’s Target Outcome Funds to independent broker-dealer, wirehouse and registered investment advisor channels. In addition, AXIO will utilize its technology platform to disseminate Olden Lane educational programs on Target Outcome Funds to financial advisors and their clients. Target Outcome Funds are a new form of UITs which offer simple, transparent and cost-effective solutions for hedging the returns of some of the most popular Exchange Traded Funds over a specific time period.
Michel Serieyssol, CEO of Olden Lane Securities LLC said, “AXIO will be an effective distribution partner for us because it has the technology, personnel and expertise to educate financial advisors about how our UITs allow downside protection to easily be incorporated into portfolios through products which are transparent, liquid, cost-effective and ’40 Act registered.”
Marc Paley, CEO of AXIO Financial said, “Olden Lane is a strong addition to the group of managers we represent because their UITs address the need among financial advisors for products that protect client portfolios against significant market declines. Similar solutions historically have been offered through structured notes, but Olden Lane’s products now bring these solutions in a registered UIT format.”
Olden Lane is an innovative financial services firm established in 2015 by individuals with experience in Unit Investment Trusts (UITs), liquid alternatives and product structuring at major financial institutions. The firm has refined the UIT architecture so that it can be utilized for outcome-oriented strategies historically seen in structured notes, but with advantages including reduced counterparty risk, ’40 Act registration, and improved liquidity and transparency. Olden Lane’s Target Outcome Funds represent a new category of UITs that provide outcome-oriented investments offering passive, low cost exposure to asset classes, but within certain risk parameters. Additional information is available at www.oldenlane.com.
AXIO was founded in 2010 with the mission of providing financial advisors best-in-class investment and insurance products. AXIO provides advisors with direct access to leading industry products to meet client investment and retirement needs. AXIO is focused on advisor education and long-term relationships delivering results to advisors’ clients. AXIO has separate teams delivering solutions in the areas of structured products, insurance and asset management. Additional information is available at www.axiofinancial.com.
Chief Executive Officer
Olden Lane Securities LLC
Tele: 609 436 9535
Chief Executive Officer
ASC Advisors LLC
Tele: 203 992 1230
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 www.oldenlane.com.
Investing in Target Outcome Funds involves risk, including the possible loss of principal. There can be no guarantee that a Target Outcome Fund investment strategy will work as designed, and unitholders may suffer substantial losses. Further, the returns on an investment in units are not expected to track the returns of an investment in the underlying Exchange Traded Fund, because the returns of the units are based on the price performance of the Exchange Traded Fund and will not reflect any dividends paid on shares of the Exchange Traded Fund. The expected final distribution amount per unit will depend primarily upon the closing price of the underlying Exchange Traded Fund on the Fund’s expiration date and will be subject to reduction for fund expenses.