How does WealthStep choose the mutual funds or ETF’s used inside portfolios?

WealthStep utilizes an established qualitative and quantitative process to assess and select investment managers (e.g. mutual funds and/or ETF’s depending on account type and appropriateness) within each asset class utilized in WealthStep portfolios. WealthStep begins with the broadest starting “universe” available, to maximize the consideration set, and then conducts and utilizes research to screen out investment vehicles that do not meet the high qualitative and quantitative standards established for each asset class. Advanced criteria are applied to leading databased and screening tools, resulting in a set of “finalists” for each asset class”. The WealthStep Investment Committee assesses the finalists, both individually and in the context of the portfolio structure, to determine the most appropriate selection.