Sound Income Strategies’ ETF Ranks in Top 4% of its Morningstar Category

Sound Income Strategies recently announced the outperformance of its Sound Equity Income ETF (DIVY), which ranked near the top of Morningstar’s 1,200+ U.S. Large Value Funds category, as of December 31, 2022.

According to a press release issued by the firm, the ETF’s top 4% performance comes on the heels of a 2021 that saw the fund place in the top 5% out of 1,207 active managers and indices in the Large-Cap Value category. All performance figures are based on total return.

The Sound Income Strategies managed ETF consistently has outperformed the Standard & Poor’s 500 Index since the fund’s launch in December 2020.

In a public statement, David Scranton, CEO and Founder of Sound Income Strategies, said, “Outperforming 95% of all active large-cap value managers and passive indices in the past two years … has exceeded our shareholders’ expectations.  We created DIVY three years ago from a portfolio of income-producing equities to account for challenging times, and we are pleased with its results.”

Scranton founded Sound Income Strategies, an independent RIA with $2 billion in AUM, in 2014.  In addition to its DIVY ETF, Sound Income Strategies also offers income advisory solutions as a third-party asset manager to wealth management firms.

Sound Income Strategies is part of Sound Income Group, a diversified financial services company that also encompasses a business coaching subsidiary for financial advisors, as well as a firm that offers income specialist franchises to financial and insurance professionals.

Getting Ahead of the Artificial Intelligence Curve for Financial Advisors

Late last month, Sound Income Group announced it launched a course to help financial advisors leverage artificial intelligence (AI) to drive efficiency, productivity and growth. “Artificial Intelligence for Financial Advisors” is a course for financial professionals associated with Sound Income Strategies and those participating in the firm’s Advisors Academy.

According to the release, the course will teach advisors how to incorporate AI, including chatGPT and other AI-enabled chatbots, into their practice. The course is offered by Sound Income Group’s marketing team, several of whom have been invited to speak at multiple industry conferences to discuss the impact of AI on the financial industry.

“The integration of AI into financial planning is no longer a question of if, but when,” said Scranton. “The advisors [in this program] will gain access to both the course materials and related coaching services needed to stay ahead of the curve and thrive in this rapidly evolving space.”

April 4, 2023