SmartX Advisory Solutions, a technology firm formerly known as HedgeCoVest, has added 27 investment strategies to its managed accounts platform, including models offered by Blackrock, Morningstar Investment Management, and Nasdaq Dorsey Wright.
The new investment models encompass a broad range of strategies including ETF strategists, income portfolios, international equities, global/macro strategies, and US equity strategies differentiated by market capitalisation.
“Turnkey asset management platforms continue to grow year-over-year as unified managed accounts become more popular. That is why even the largest asset management firms are logically looking to platforms like ours for increased distribution,” says Evan Rapoport (pictured), CEO of SmartX Advisory Solutions. “Our alliance partnership with SS&C Advent creates a massive opportunity for managers to reach a considerable number of wealth advisors that are searching for these types of strategies via a UMA structure.”
The firm changed its name to SmartX Advisory Solutions to accurately reflect the platform’s transition from a focused alternative investments solution to a fully functional turnkey asset management platform providing access to hundreds of traditional, alternative, and index strategies. In addition, SmartX Advisory Solutions expanded its Advisor as a PM, rebalancer, drift management, and hosted client on-boarding features to complete its comprehensive end-to-end wealth management solution.
“As new technology continues to disrupt the wealth management industry, SmartX Advisory Solutions aims to empower advisors with a streamlined investment management process to better serve their clients and operate in today’s competitive marketplace,” says Rapoport.