San Francisco-based Managed Portfolio Advisors (MPA) has teamed up with BNY Mellon’s Pershing to launch a flexible unified managed account (UMA) program on the platform.
The firm’s overlay management service as well as tax management service is now available to Pershing UMA clients.
The overlay management service sees MPA put together multiple investment strategies within single accounts, while ensuring that the accounts stay aligned with their prescribed asset allocations.
The firm does this through manager selection and monitoring.
The combined offering is available on Pershing’s platform and made available to clients of both firms.
‘MPA’s robust overlay services and sophisticated tax management capabilities can help clients take full advantage of the UMA structure,’ said Rob Coira, director of product development for Pershing’s managed investment business.
MPA is a San Francisco-based subsidiary of Natixis, which specializes in developing open architecture multi-manager and unified managed account programs.