For advisors looking to provide a more customized portfolio for clients, the portfolio management can be outsourced to the Investment Advisor Alliance and you collaborate to determine the best option to address the client's needs. From there, IAA monitors and trades (when necessary) the portfolio.
Portfolios managed by IAA are globally diversified and structured using asset class and index funds to control risk and preserve capital.
In addition, you may decide to outsource client funds to a managed account program offered through the custodian you choose, Fidelity Institutional Wealth Services or TradePMR. There are numerous managers providing a wide array of strategies across all asset classes.
TradePMR's Separately Managed Accounts Platform utilizes the research and due diligence services of Lowery Asset Consulting LLC. The managers have been approved as the best performing, consistent, and competitively priced managers. Minimums start at $100,000.
Fidelity features two programs offering reduced entry levels. The Separate Account Network and Envestnet's Managed Account Resources are institutional platforms competitive with wirehouse facilities offering over 200 portfolios.