Integrated Portfolio Implementation®
Integrated Portfolio Implementation
Customize, coordinate, and monitor multi-asset portfolios in real time – across separate accounts, mutual funds, and ETFs.
What We Do
As an overlay manager, Managed Portfolio Advisors® (MPA) works with clients to design diversified investment programs and portfolios that meet the complex needs of institutional and high net worth investors. A representative client usually approaches MPA with the goal of improving investors’ experience and outcome. Clients select their investment managers and vehicles, define all parameters such as target allocations and tolerance ranges, and select any restrictions and overlays that may be applied. For most clients, this is defined in an investment policy statement (IPS) or similar document. Once defined, this becomes the model for executing the investment plan in one account. MPA coordinates with selected SMA managers to arrange for real-time replication of each manager’s investment strategy in the client account.
When an account is invested, MPA purchases the securities, mutual funds, and other investment vehicles per the allocations and investment models, while adhering to any restrictions. The portfolio then trades in real time as investment actions and allocation changes are communicated. Manager transitions are easily executed. Account allocations are monitored and automatically rebalanced when triggered. Cash management techniques may be applied to optimally distribute or invest cash. For taxable accounts, tax management techniques may be applied including MPA’s tax loss harvest overlay with an established track record of maximizing clients’ after-tax returns.
Clients & Solutions
Managed Portfolio Advisors® (MPA) works consultatively with a range of clients who leverage our knowledge and services to create solutions tailored to their unique goals and constraints. The result is a practical, cost-effective process for executing multi-manager portfolios that adhere to the guidelines of the client. Here are the types of clients we serve and the types of solutions developed to their specifications:
For SMA managers widely distributed in advisory programs, MPA offers implementation services to managers whose portfolios we implement. MPA maintains extensive connectivity throughout the SMA industry. With retail SMA managers watching the majority of their business transitioning to model-only programs, many find it challenging to justify maintaining the infrastructure required to support traditional SMA business.
To learn more about opportunities to work with MPA, please visit our section for SMA model implementation service or Contact us to learn more.
The Benefits of Integrated Portfolio Implementation®
- Allows clients to build and efficiently deliver customized and differentiated solutions
- A valuable partner in the investment process from development to execution
- Addresses and minimizes fiduciary risks
- Provides solutions not available in off-the-shelf systems
- Minimal impact on overall fees
- Transfers a great deal of trading and operational risks while preserving resources
- Agility to adapt to changing needs and react to market trends
- Additional risk management through increased transparency, reporting and oversight
- Administrative and legal resource savings
- One relationship to optimally serve all client types
IPI provides solutions for today’s complex investment challenges
A key component of MPA’s services is our robust process for integrating SMA models into client portfolios. MPA trades more than 150 SMA portfolios with the goal of providing clients with the same experience they would get investing directly with the manager. To achieve this, MPA offers SMA managers a measure of flexibility in the way the portfolio is implemented and traded, as opposed to forcing the managers to conform to a standardized process that may not be conducive to their approach. Results are measured and monitored through formal processes to ensure we optimally implement each investment strategy. Adapting to the managers’ processes expands the available universe of managers and delivers clients accurate exposure to their selected managers.
MPA coordinates trading with SMA model providers by participating in the manager's trade rotation or allowing them to control the trade via a step-out process. This real-time, flexible approach to implementation delivers accurate replication of the SMA strategy, and ensures clients are treated fairly in the trading process.
Fixed-income SMA portfolio implementation requires a unique approach. MPA’s specialized fixed-income trade desk allows us to effectively implement portfolios through characteristics based models. Many fixed income portfolios, especially municipal bond portfolios, are not conducive to model implementation requiring each account to be customized. MPA facilitates non-model portfolios by taking a passive approach that allows the manager to execute the portfolio.
Contact us to learn more about why our trading process is important to our clients.
* Net asset value as of 3/31/2021. Assets under Administration (AUA) may include assets for which non-regulatory assets under management (AUM) services are provided. Non-regulatory AUM includes assets which do not fall within the SEC’s definition of ‘regulatory AUM’ in Form ADV, Part 1.