Separately Managed Accounts (SMAs)

The benefits of SMAs

SMAs provide clients with several potential benefits relative to mutual funds and exchange-traded funds (ETFs). We have been offering professionally managed active retail SMA strategies to clients for nearly 30 years. Using industry-leading technology, our dedicated SMA trading and account services team can help customize your experience with a diverse range of investment solutions.

Lower costs

Management fees are often lower than those of equivalent mutual funds and can be negotiable for large client relationships

Greater tax efficiency

Clients own underlying securities, allowing tax-loss harvesting, capital gains mitigation, and in-kind securities transfers

Ability to customize

Investors can tailor investments in their account to reflect their own unique investment objectives and constraints

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