Principal Financial Group, Inc. announced an expanded model portfolios product offering featuring 37 new portfolios and a fintech-enabled portfolios solution to help advisors increase client customization, scale, and efficiency. The new model portfolios are managed by the asset allocation investment team of Principal Global Investors. They include mutual funds and ETFs from diversified asset managers and are categorized into four interchangeable, risk-based suites to help advisors expand their businesses and personalize their clients' investment portfolios: Two core, multi-manager portfolio suites.

One core ETF portfolio suite. One growth and income multi-manager portfolio suite. The three core suites all seek capital appreciation.

The growth and income suite will prioritize total returns. To provide an end-to-end solution for advisors utilizing the new model portfolios, Principal collaborated with Smartleaf Asset Management on a modern, fintech-enabled portal. This unique investment platform helps advisors meet individual client needs by customizing direct indexing options, automating tax management and trading requirements, and incorporating environmental, social, and governance preferences.

The Principal fintech-enabled portfolios integrate into the existing infrastructure and tech stacks of advisors without needing to change operational processes.