Overlay Portfolio Management Solutions Provider for Banks & Registered Investment Advisors Continues Rapid Growth as Customized Wealth Management, UMAs Gain Traction
CAMBRIDGE, Mass., July 20, 2010 – Smartleaf, Inc., a top provider of overlay portfolio management solutions to banks and financial services companies, announced today it has passed $25 billion in assets being managed through its system. This milestone has been achieved by a growing number of customers that have selected the company’s overlay management solution to start open-architecture unified managed accounts (UMAs) for their customers, making Smartleaf’s system a chassis for their entire wealth management product offerings. Smartleaf’s revenues in 2009 grew 75% over the prior year.
“We achieved this milestone because over 50 banks, brokerages and RIAs have entrusted us to help them create highly customized, models-based wealth management programs that generate higher returns for their clients,” said Jerry Michael, President of Smartleaf. “We also attribute this growth to our 100% success rate in client installations and our belief that we empower wealth managers to execute their best ideas for every one of their clients.”
To operate effectively, UMAs require an overlay management system like Smartleaf to integrate internal and external model portfolios, and automate tax and customization for every wealth manager’s client. Smartleaf’s ability to combine open-architecture (access to 3rd-party research) and proprietary strategies and become the common chassis for wealth management has helped its clients achieve higher returns, margins and productivity.
Smartleaf’s overlay portfolio management solution enables financial institutions to easily implement their best investment thinking and customization preferences across all client accounts, combining proprietary and third-party research to deliver a seamless open-architecture Unified Managed Account offering. By integrating a client’s assets into a single, customized portfolio, wealth managers using Smartleaf have achieved significant benefits in tax management, asset allocation and increased returns. The company has a 100% success rate with implementations and deliverables. Founded in 1999, Smartleaf has $25 billion in assets under management, is privately held and based in Cambridge, Mass.