Sound Income Strategies Achieves Five-Star Morningstar Rating
Sound Income Strategies, renowned for its income-first investment solutions, has solidified its standing as a leader in the investment industry. The firm's Core Plus Separately Managed Account (SMA) has received the esteemed five-star rating from Morningstar, recognized for its exceptional performance over one-, three-, and five-year periods.
Outstanding Performance Recognition
This standout rating places the Core Plus SMA in the elite top 1% for one-year performance and the top 2% for both three- and five-year performances compared to its active peers and passive indices. This reflects a consistent strategy that expertly balances risk and return for investors.
Investment Strategy Details
The enduring success of the Core Plus SMA is attributed to its diversified, income-focused approach. This investment strategy utilizes a blend of preferred securities, individual corporate bonds, Real Estate Investment Trusts (REITs), Business Development Companies (BDCs), and Exchange-Traded Funds (ETFs). Such a diverse stance ensures that investors have access to multiple income streams, enhancing stability and long-term growth potential.
Words from the Leadership Team
Eric Lutton, Chief Investment Officer at Sound Income Strategies, commented on the recognition, stating, "Our five-star rating is a testament to the unique and transformative benefits of our income-first investment strategy. We prioritize stability and growth potential, effectively minimizing risks and maximizing returns for our clients' investments."
Growth Milestones in 2024
The five-star ranking comes on the heels of a record-breaking year for Sound Income Strategies. In 2024, the company experienced a remarkable 32% increase in assets under management, surpassing $3.5 billion, alongside a 22% growth in total client accounts, exceeding 23,000.
Commitment to Clients
Barry C. Wheeles, Director of New Business Development, expressed gratitude for the recognition, stating, "It's both an honor and a privilege to be recognized for our team's hard work and the superior returns we deliver for our clients. As Sound Income Strategies continues its incredible growth trajectory, we remain committed to earning our clients' business every day."
Exploring Core Plus Strategy
For those interested in learning more about the Core Plus strategy, additional information can be accessed directly through the official website. The commitment of Sound Income Strategies to education and transparency ensures that clients are well-informed about their investment choices.
About Sound Income Group
Sound Income Group is a collective of three full-service firms dedicated to providing comprehensive investment services, marketing, coaching, practice management, and franchise opportunities for the financial sector. The umbrella encompasses Sound Income Strategies, LLC, an SEC-registered RIA managing over $3.5 billion in total assets, alongside Sound Income Academy and Retirement Income Source, a national network aiming to facilitate steady income streams for clients.
Investment Advisory Services
Investment advisory services are provided through Sound Income Strategies, LLC, which is an SEC Registered Investment Advisory firm. It's important to note that Sound Income Group, Sound Income Strategies, LLC, Sound Income Academy, and Retirement Income Source are associated entities committed to serving their clientele with integrity and dedication.
Frequently Asked Questions
What is the Core Plus SMA?
The Core Plus SMA is a diversified, income-oriented investment strategy designed to deliver superior returns through various investment vehicles like preferred securities, bonds, and ETFs.
What does the five-star rating from Morningstar mean?
A five-star rating from Morningstar indicates that the investment product has the strongest risk-adjusted returns in its category, showcasing its reliability and performance.
How did Sound Income Strategies grow in 2024?
In 2024, Sound Income Strategies experienced a 32% increase in assets under management and a 22% increase in client accounts, indicating robust growth and confidence from investors.
Who leads Sound Income Strategies?
Sound Income Strategies is led by Chief Investment Officer Eric Lutton and Director of New Business Development Barry C. Wheeles, who emphasize their commitment to clients and their investment strategies.
What kind of services does Sound Income Group provide?
Sound Income Group offers a variety of services, including investment advisory, coaching, marketing, and practice management, aiming to support financial professionals and their clients effectively.
