Abacus Life Inc (NASDAQ:ABL) said on Wednesday it has rebranded FCF Advisors as Abacus FCF Advisors, a subsidiary of ABL Wealth, as part of its expansion into free cash flow-focused investment strategies.
As part of the transition, Abacus FCF Advisors launched the Abacus FCF Small Cap Leaders ETF (ABLS) and announced management fee reductions of five to 10 basis points across all its ETFs.
The firm also introduced an 18-month fee waiver of 20 basis points on four ETFs.
Abacus Life specializes in leveraging longevity data and actuarial technology to offer alternative investment opportunities.
The rebranding underscores the firm's leadership in free cash flow investing, built on its FCF Leaders Model, which identifies profitable companies through a quantitative investment approach, Abacus said in a statement.
To mark the occasion, executives from Abacus FCF Advisors and ABL Wealth will ring the opening bell at the Cboe Global Markets Exchange on Wednesday.
“The FCF acquisition, including the rebranded funds and new ETF, constitute significant milestones in Abacus’ ongoing expansion of ABL Wealth and its suite of innovative products, as well as our goal of delivering comprehensive, lifespan-based financial advisory services and products,” Abacus Life CEO Jay Jackson said in a statement.
“FCF aligns perfectly with our strategy of providing clients with holistic and tailored financial solutions throughout their lives.”