As the end of the year winds down, LSA will be making revisions to our Private Client Mutual Fund and our ETF portfolios.  Please note that these revisions will be traded on Monday, November 11th.  In order to help advisors prepare for these revisions, we will be posting the updates today and tomorrow to allow advanced time to prepare your model trades.  Below is a schedule of when the revisions will be posted to the LSA website.

With regard to the portfolios not listed below, we will announce that schedule over the next couple of weeks.

The reason for revisions:

The primary purpose of these revisions is to replace a handful of funds in the portfolios that have experienced a soft close in some capacity in 2013.  These revisions are also a continuation of our efforts in June to address the pressure and volatility in the fixed income markets.  Protection has been, and always will be, our primary focus of running risk based models.  Now that we have postponed the debt debates and the FOMC seems to be committed to finishing the year with QE3 fully intact we are starting to posture for the last two months of 2013 and prepare for 2014.

As always, the rationale and a more detailed explanation for the changes and all of the new fund fact sheets can be found on the LSA website under “Portfolio Management” as they are posted.

Here is the schedule of release dates.  Please login to the LSA site to view all changes:


Tuesday November 5th, 2013:

  • Private Client – Posted
  • Private Client Traditional – Posted
  • Private Client Less Than 100K – Posted
  • Bear Market Entry – Posted

Wednesday November 6th, 2013:  (After Market Close)

  • Schwab NTF
  • Schwab Traditional
  • Private Client Blended
  • ETF Tactical Allocator
  • ETF Income First

Thursday, November 7th, 2013: (After Market Close)

  • ETF 7 Model Series
  • Socially Responsible
  • American Funds
  • Fidelity
  • Private Client Income Strategy

Due to capital gains season we will not be making changes to the Private Client Tax Efficient until 2014.   We will also address those VA and VUL allocations we will be making over the next couple of weeks.

Video commentary discussing the changes will be posted over the next few days.  LSA will be e-mailing out a link to the replay.  If you have any questions please feel free to contact us at or call us at (866) 581-5724.

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