According to a press release, features of MPA’s overlay management capabilities that will be incorporated into FundQuest’s Advisor Directed UMA program include:
- Account customization capabilities – offering financial advisers the ability to create asset allocation and investment strategy combinations that can be fully customized for each client.
- Flexible approach to working with managers – preserving the integrity of managers’ underlying strategies. The announcement said trading is a critical component of UMA programs and a flexible, coordinated approach to trading can vastly expand the range of investment strategies that can be included in the UMA program.
- Enhanced tax management capabilities – coordinating the investment activity of the underlying investment strategies and implementing a systematic and risk-managed approach to tax loss harvesting to help manage the potential tax liability generated across the client’s entire portfolio.
“We have offered FundQuest’s managed model-based UMAs since 2005; now with MPA’s overlay management capabilities we will be able to offer completely customizable adviser-directed portfolio solutions. This gives advisers who want to do hands-on portfolio management the flexibility to build tailored UMA portfolios for individual clients,” said Bob Peatman, managing director, National Sales, of FundQuest, in the announcement. “In addition, our clients will have access to sophisticated strategies for tax management as part of the overlay process.”
More information is at http://www.fundquest.com/usa.