Global Advantage Select is the newest edition to the company’s fixed rate product range, offering clients the same advantages as its existing Global Advantage and Global Advantage Plus series but with the added flexibility of multiple rate choices and annual liquidity.
The product also provides clients with the option of adding principal protection.
In addition, Northstar has also launched Global VIP Elite, a fully liquid variable product which complements its existing Global VIP product, but which provides clients with access to a range of lower cost funds from leading asset managers such as BlackRock, Vanguard, Pioneer and Franklin Templeton.
“Global Advantage Select and Global VIP Elite have been created at the specific request of our distribution partners, in order to more closely meet the evolving needs of their clients. With significantly higher interest rates on offer, we hope that the capacity to ladder a fixed-rate investment across multiple durations using the Global Advantage Select will prove a popular alternative to Bank CD’s.
“We also hope that Global VIP Elite, which is not subject to any withdrawal charges, will appeal to financial advisors and their clients as product fees come under ever closer scrutiny,” said Northstar’s chief marketing officer Edward Horner.
International Adviser recently spoke to Horner about the company’s ambitions for the coming year. Click here to read a full profile
