Raymond James said that the new Freedom Dynamic UMA portfolios will adopt RiverFront’s separately managed account portfolios as the dynamic engine in the dynamic growth, dynamic balanced, dynamic balanced with growth and dynamic equity income freedom UMA portfolios. The account minimums are $300,000.
Unified Managed Accounts will allow clients and FAs to deliver multiple investment disciplines in a single integrated custody account.
Raymond James added that RiverFront’s transparency will allow advisors to view RiverFront’s portfolio holdings on a daily basis and communicates trade rationales on a regular basis and they will be suited to serve the UMA marketplace.
RiverFront chairman and chief investment officer Michael Jones said that these new portfolios bring together an innovative combination RiverFront’s Dynamic Strategic asset allocation strategies and Raymond James preferred alternative investment capabilities. The goal is to provide investment solutions that can manage portfolio risk, even in a rising interest rate environment.
In 2008, Raymond James introduced its Freedom UMA platform and now offers over 50 asset allocation models across six investment objectives to accommodate investor needs.
Utilizing institutional-quality techniques, portfolios are constructed with multiple separately managed accounts (SMAs). Mutual funds in selected asset classes provide further diversification for some models.
Raymond James Asset Management Services National Director of Sales George Raffa said that the Freedom platform has proven to be a valuable tool in helping clients reach their financial goals.
