Over the past month members of ESI’s Business Development team have been sharing videos about the upcoming changes to the ESI Illuminations platform. While each video spotlights a different new feature coming to Illuminations, there’s one thing they all have in common. They are all the result of bundled pricing.
Bundled Pricing
Every year ESI Illuminations evolves – new functionality, new managers, more portfolios – but in 2021 the evolution of Illuminations is taking a big leap forward with the introduction of bundled pricing. As of today, February 15th, the first phase of ESI Illuminations 2.0 is live, and bundled pricing is now in effect for all new business. This means that there are no longer separate transaction/trading fees on Illuminations accounts; they are bundled into the platform fee and provide unlimited trading.
In addition to these new platform fee schedules, the following changes are now also live:
- Moving to the lowest cost share class (F3) in American Fund portfolios
- Change to billing in advance as opposed to the current process of billing in arrears
Get the Details
Details about these new updates, including new fee schedules, can be found in the ESI Illuminations 2.0 Overview video and Frequently Asked Questions document.
This is the first step in an exciting year for Illuminations! New features and enhancements will continue to be introduced over the next several months so look for more information as we implement Illuminations 2.0!
Miss any of our recent videos?
- Jeff Wood spotlights ESG options coming in future platform enhancements.
- Sandy Colvin spotlights the evolution of the Team Approach.
- Lou Martinez spotlights the impact of bundled pricing to ETF portfolios.
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