Placemark launches indexed managed-model accounts

FWR Staff

22 October 2007

Overlay manager's new product tracks target indexes, offers tax efficiency. Overlay manager Placemark Investments has launched a managed-model portfolio called Market Index Solutions to provide broad market exposure, enhanced tax management and greater customization," according to a company press release.

Overlay management is the process of coordinating trades, managing cash flow and enhancing their overall tax efficiency of models-based portfolios.

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"Market Index Solutions combines investors' need for market exposure with Placemark's ability to enhance tax efficiency," says Lee Chertavian, chairman and CEO of Dallas and Wellesley, Mass.-based Placemark. "Our sponsor firms can now offer a new type highly customizable solution for clients that are sensitive to taxes, or have other unique investment constraints."

Placemark's new index portfolios -- already available through broker-dealer D.A. Davidson 's unified managed account program -- feature a group of securities that closely follow the risks and returns of a target index. It can be used as a core position for investors who want a complement to more aggressive alpha-seeking strategies.

Cory Custer, head of separately managed accounts at Great Falls, Mont.-based D.A. Davidson, say that Placemark's new offering gives its advisors the chance to offer their clients "enhanced tax management while still investing in a portfolio of customizable, individually-owned securities."

Placemark creates and administers overlay programs for wirehouses, banks, broker-dealers, and RIAs. It has over $7.5 billion in client assets under management. -FWR

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