Raymond James introduced its Freedom UMA platform in 2008, which has more than 50 asset allocation models across six investment objectives. The new additions will be the Dynamic Growth, Dynamic Balanced, Dynamic Balanced with Growth, and Dynamic Equity Income portfolio models. The company says the models incorporate RiverFront’s separately managed account portfolios as the dynamic engine. Account minimums are $300,000.
“These new portfolios bring together an innovative combination RiverFront’s Dynamic Strategic asset allocation strategies and Raymond James preferred alternative investment capabilities,” said Michael Jones, RiverFront’s Chairman and Chief Investment Officer. “The goal is to provide investment solutions that can manage portfolio risk, even in a rising interest rate environment.”
Raymond James says UMAs are one of the fastest growing segments in the managed solutions industry; they allow clients and advisers to deliver multiple investment disciplines in a single integrated custody account (see “Managed Account Industry to Shift from SMAs to UMAs”).