Russell Investments is giving advisors more flexibility to tailor their clients’ portfolios by broadening its suite of personalized managed accounts.
The expansion announced Monday aims to meet diverse investment needs with four portfolios of fixed income securities and four multi-asset options.
The new offerings include Municipal and Treasury ladders with staggered investment time horizons and a mix of active and direct indexing allocations.
"Our expanded suite of PMA solutions is designed to help advisors advance their clients' wealth-building strategy based on our full range of capabilities in portfolio construction, risk management, trading and execution, as well as tax-advantaged income management," Kevin Knowles, senior director of personalized solutions at Russell Investments, said in a statement.
The four new fixed-income PMA solutions include two municipal bond ladders and two Treasury ladders, staggered over investment horizons of up to five years or 10 years. Managed by Brian Pringle, director of customized portfolio solutions for fixed income, they come with a minimum investment requirement of $250,000.
Russell Investments’ two new multi-asset DI core solutions are managed by Nick Zylkowski, managing director and co-head of customized portfolio solutions, while the core allocation solutions are overseen by Zylkowski and Jordan McCall, director and senior portfolio manager for equity. Constructed as 60/40 or 70/30 balanced portfolios, these multi-asset options require a minimum investment of $750,000 or $850,000.
The expanded PMA suite is now available on the Fidelity Separate Account Network and SMArtX Advisory Solutions custodial platforms, and for now only partly available on Envestnet’s SMA platform.
Russell Investments' PMA suite lets advisors calibrate clients’ portfolios based on considerations such as tax management, factor tilts, faith-based preferences, and security and theme-based restrictions, among others.
The firm said assets in its PMA suite, supported by a dedicated team of portfolio managers, quantitative research analysts, centralized trading and year-round tax management capabilities, have grown fourfold over the past year.
“Investors are looking for complete solutions and more robust customization, and we’re happy to deliver a full package of timely solutions to exceed their expectations,” said Knowles.
Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.
Whichever path you go down, act now while you're still in control.
Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
Streamline your outreach with Aidentified's AI-driven solutions
This season’s market volatility: Positioning for rate relief, income growth and the AI rebound
