Natixis Global Asset Management’s affiliate Managed Portfolio Advisors (MPA) has entered into an agreement with BNY Mellon’s Pershing to offer a flexible unified managed account programme to clients.
The agreement unites MPA’s overlay management services with Pershing’s technology platform, which offers tools, reporting functionality and custodial services.
MPA’s overlay management techniques are intended to harmonise an investor’s separately managed account strategies and other investment vehicles. The combined offering will drive increased efficiencies for clients.
“We’re excited to team up with one of the leading custodial platforms for RIAs and broker-dealer firms,” says Curt Overway (pictured), president of Managed Portfolio Advisors. “Pershing’s state-of-the-art suite of managed account services is designed to provide financial professionals with a seamless and scalable way to access our overlay management services.”
Rob Coira, director of product development for Pershing’s managed investments business, says: “MPA’s robust overlay services and sophisticated tax management capabilities can help clients take full advantage of the Unified Managed Account structure. Combining the capabilities of the two firms will allow us to deliver a high degree of customisation and efficiency to our clients.”
The Pershing platform provides financial professionals with access to a suite of desktop tools, including client profiling, proposal generation, asset allocation, model creation, reporting and account opening, as well as maintenance capabilities. Leveraging Pershing’s platform, MPA will continue to provide clients with overlay management services, including separate account implementation, tax optimisation, tax management overlay, trade execution, drift monitoring and portfolio rebalancing.