Scott & Stringfellow Turns to PFPC for SMA Product

December 8, 2004 ( - Scott & Stringfellow Inc. has outsourced its managed account offerings to advisors to PFPC's managed account services business unit.

According to a news release, PFPC will provide Scott & Stringfellow with an array of separately managed accounts (SMAs) through its ADVISORport Unified Managed Account (UMA) platform.

The announcement said that PFPC will also provide Scott & Stringfellow with two new mutual fund wrap programs likewise offered to advisors.   Via PFPC, Scott & Stringfellow’s advisors also will have access to multi-strategy accounts (MSAs) that combine investment strategies from different money managers into single accounts.   The MSAs feature active asset allocation monitoring and the option for a tax-managed overlay, according to the announcement.

Scott & Stringfellow is a full-service, regional brokerage and investment banking firm that serves individual, institutional, corporate and municipal clients and is a subsidiary of BB&T Corporation.