Managed Account Solutions (MAS)
MAS is the industry’s most advanced fee-based turnkey asset management platform and provider of wealth management solutions.
Who built it?
National Financial collaborated with Envestnet Asset Management, the largest provider of third-party asset management (as reported by Tiburon Strategic Advisors) to create this robust solution.
What does it do?
MAS provides fee-based asset management through Separate Account Management, Multi-Manager Accounts, Advisor Directed UMAs and Mutual Fund Model portfolios. Its technology generates sophisticated analytical and research reports, client-ready proposals, and performance reporting. MAS is conveniently integrated with, and delivered through, Streetscape.
How do I learn more about how MAS benefits my clients and my practice?
National Financial and Evnestnet have developed a training schedule exclusively for Triad’s advisors. Through a series of brief Web-delivered sessions, you can learn about each of the three account types and how to create and execute a proposal. Also, Triad’s Advisory Services team is always available for consultation.
Private Managed Account, PMA
The Private Managed Account program is designed for advisors who prefer to share portfolio investment management with independent asset managers. PMA contains a select list of managers with various specialties and investment strategies, i.e., fixed-income, small cap, international, etc. By utilizing PMA, advisors have direct access to leading separate account managers while enjoying convenient wrap fee pricing. This eliminates many of the costs typically associated with a managed money program and allows the advisor to deliver a competitively priced investment solution.
Odyssey
Triad Advisors has collaborated with Rochdale Investment Management to create Odyssey, a web-delivered asset management solution for fee-based advisors. It is a robust, flexible, and cost-conscious mutual fund modeling program. Grounded in Modern Portfolio Theory and the importance of asset allocation, the Odyssey program allows advisors to gain assistance with asset management responsibilities.
When advisors choose to establish an Odyssey account for their clients, they are utilizing Odyssey for assistance with portfolio construction, investment research, trading execution, and mutual fund monitoring and rebalancing. In addition, Odyssey will produce a sophisticated analysis of a client’s current assets and present a color proposal to assist the advisor in presenting an improved portfolio.
Odyssey begins with an in-depth client profile that first identifies the client as falling into one of five broad objective categories: Conservative, Moderately Conservative, Moderate, Moderately Aggressive, and Aggressive. Within each category, the system further distinguishes the client’s risk tolerance as low, medium, or high. This is the basis on which Odyssey creates the asset allocation.
Odyssey then chooses the mutual funds that are appropriate for the client’s specific objective and risk tolerance. For implementation, advisors may choose any of six variations on the allocation to further meet the client’s needs. Each implementation option emphasizes factors that are of particular importance to the client. Implementations include emphasis on: return, tax sensitivity, low cost, risk sensitivity, low fund expense ratios, and coordinated. In total, there are 90 different possible implementations.
Beyond the breadth of implementation options, Odyssey allows customization of mutual fund selection. If advisors would like to increase the number of funds in a given segment of the allocation, they may do so by choosing among other recommended funds that are appropriate to the allocation. Also, advisors may substitute one fund for another recommended fund.
Remarkably, Odyssey can accommodate nearly all of your clients’ accounts for a minimal cost. With an account minimum of only $25,000 and a “platform” fee of only 35 basis points, you are free to add on the advisory fee that suits the services and value provided. The 35 basis points covers all transaction fees, P&H, billing, advisory agreements, and access to the system. Advisors searching for improved efficiencies and professional asset management will find that Odyssey is the solution.
Multi-Manager Account, MMA
Triad’s Multi-Manager Account options combine the investment expertise of two or more globally prominent separate account managers into one single brokerage account. This investment strategy delivers the benefits of a traditional separately managed account in a single, fully diversified portfolio for as little as a $250,000 minimum investment.
With an MMA, the client will have access to the knowledge and expertise of leading institutional asset managers. If accessed directly, many of these firms are only available for accounts of $25 million or more. Each MMA will have a portfolio manager that keeps the portfolio in balance with the client’s asset allocation strategy, avoiding unintended overlap in styles or positions. Additionally, each portfolio is held in a single brokerage account, which consolidates and simplifies the information for the client.
Outside Custodians
In addition to the advisory services available through Triad, advisors have access to the services offered through outside custodians such as Schwab Institutional, TD Ameritrade, and Fidelity Institutional Wealth Services. This unique flexibility allows the advisor to manage fee assets through a third party, yet enjoy the menu of broker-dealer services offered through Triad.
If you would like to receive additional information on Triad’s fee-based accounts, please call 800-720-4003.